Defined by its coveted Collins Street address in the heart of Melbourne’s cosmopolitan CBD, opposite The Rialto, this stylish studio apartment is perched upon Level 16 of ‘Oaks on Collins’, a contemporary New York-style building with exceptional residents’ facilities. An ideal long term investment with 100% occupancy, perfect for super funds or savvy investors. With a generous return of $17928 pa and 3% increases this property is perfect as a set and forget investment.

Owners in this building no longer need to worry about owners corp annual fees or council and water rates as this is not payable under the lease which runs until 2025. Also as you have a secure lease to a large reputable Hotel there are no more late payments for rent. The Hotel also looks after the day to day presentation of your apartment so its always looking 100%.

With high ceilings and drenched in natural light, the floor plan encompasses a large living area with room for a queen sized bed and an integrated stone kitchen with premium stainless steel appliances including a Dish Drawer, full height cabinetry and glass splash backs. Enjoying panoramic Collins St views over the iconic “Rialto building ” and on towards spectacular Port Philip Bay Glimpses.
There is also a sleek bathroom behind a glass door, which is dressed in floor-to-ceiling polished tiles and has a walk-in shower.

Features include , built-in robes, split system air-conditioning, downlighting, quality carpet and elegant neutral decor. In addition, the refurbished building provides secure swipe card entry, internal lift access, a business centre, an onsite cafe and a Level Three Health Club with an outdoor lap pool, sauna and gymnasium.

This is a fantastic investment opportunity that will provide for years to come. Inspection are available anytime by appointment. Please take the time to speak with me to discuss this high yielding secure investment.