408/480-490 Collins StreetMelbourne VIC 3000
Property Details for 408/480-490 Collins St, Melbourne
Last Listing description (December 2021)
Collins Street Tower Investment Opportunity
Modern open plan fully enclosed serviced Office Suite of 27m2 approx. with plenty of natural light and located in the heart of Melbourne with Collins Street views. A secure investment opportunity, ideal for a self managed super fund or a retirement income stream.
Currently leased at $13,030.00 per annum plus GST and outgoings. Current lease term until 1/12/2022 with a further 3 year option and a 3% rent increase.
Collins Street Tower is an impressive building that includes the Oaks Hotel and situated in a prized city location opposite the Rialto with trams, trains, boutique shops, cafes, restaurants and Crown Entertainment complex all close by.
Property History for 408/480-490 Collins St, Melbourne, VIC 3000
- 23 Dec 2021Sold for $150,000
- 30 Nov 2021Listed for Sale Contact Agent
- 11 Oct 2019Listed for Rent - Price not available
Recent sales nearby
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0About 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 64,251 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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