Excellent apartment with close to 7% return
1414/480 Collins St, Melbourne
This investment opportunity is ideally suited to smart investors looking for a high return of 7%. With a long term lease in place until 2025 this is the perfect set and forget opportunity you have been waiting for. With a $20,610.10* yearly return paid in 12 monthly payments this is perfect for SMSF or savvy investors looking for an investment property that provides 100% occupancy. Best of all you don't even need to pay owners corporation admin fees, council or water rates. All this together with 3% rental increases per year make this the investment opportunity of the year.
You do not pay for any owners corporation admin fees
You do not pay for any council rates, water rates
You do not pay any usage charges for electricity or water
No late payments on rent - payed monthly on time
No GST on the purchase price
100% occupancy with a long term lease (2025)
You do not pay for any damage
Monthly and yearly statements sent directly to you
No need for a real estate agent or property manager
Stable returns with yearly 3% increases
Inside the fully appointed and recently refurbished studio includes stone benches, air-conditioning, robes, and a fully equipped kitchen. Take the opportunity to purchase into one of Australia's leading Hotel chains and capitalise on this sound investment. Take the time to inspect or ask for a copy of the contract. Call Nick on 0404 099 310
*based on monthly rent of $1717.50 which includes the 3% increase due in October 2019
Read more