1208/480-490 Collins StreetMelbourne VIC 3000
Property Details for 1208/480-490 Collins St, Melbourne
1208/480-490 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1966. The property has a land size of 1400m2. While the property is not currently for sale or for rent, it was last transferred in May 2022.
Last Listing description (April 2011)
An Amazing over 7% Net Return
Looking for the perfect investment? Then look no more! A guaranteed 7%+ NET return. ???Oaks??? on Collins provide the ideal opportunity to earn $14,296 p/a. All outgoings are paid by the tenant of the building and is situated within the heart of the corporate sector and shopping precinct of Melbourne. With a lease options of 5 x 5 x 5 and at this price, this is the pinnacle of all investment properties! Building features a business centre, pool, gym sauna and restaurant. Get in quick and don???t miss out in capitalising on truly stress free investment.
For a private viewing please contact Joe Cimino - 0418 336 269 or Aissa Salom - 0412 766 253.
Property History for 1208/480-490 Collins St, Melbourne, VIC 3000
- 21 May 2022Transferred
- 11 May 2011Sold for $184,000
- 09 Apr 2011Listed for Sale 189000
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,268 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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