1806/480-490 Collins StreetMelbourne VIC 3000
Property Details for 1806/480-490 Collins St, Melbourne
1806/480-490 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 sold in October 2015.
Last Listing description (November 2015)
Best return available in the building at $20,800 per year net. This is a staggering 7.56% Net return on your investment. With a lease until 2025 and 3% CPI increases this is a solid investment perfect for Self manged super funds or smart investors. This set and forget investment has no annual owners corp fees, council or water rates to pay. Take advantage and be quick as this one will sell fast !!
Conveniently positioned in Collins Street, the most impressive thoroughfare in Melbourne's CBD, this serviced studio apartment is fully-furnished and set in the popular Oaks on Collins Hotel. Recently refurbished, the well laid out suite presents an outstanding opportunity for investors seeking a high income yield in a relatively low risk environment.
This property also presents an exciting option for a self-managed super fund's strategy or for self-funded retirees by offering stress-free care with no management, body corporate, council or water rates. The return is simply forwarded to your bank account on a monthly basis.
Your guests will benefit from all the facilities The Oaks on Collins offers including excellent security, concierge, conference facilities, pool and gym all within close proximity to the business and fashion hub of Melbourne, gourmet cafes/restaurants with public transport on the door step.
there is an approx $200 - $300 per quarter maintenance levy
at present.
Property History for 1806/480-490 Collins St, Melbourne, VIC 3000
- 21 Oct 2015Sold for $273,000
- 15 Sep 2015Listed for Sale $275,000
- 17 Jan 2007Sold for $269,000
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 64,252 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:
- The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
- Houses have a median rent of $700 while Units have a median rent of $675.
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