905/480-490 Collins StreetMelbourne VIC 3000
Property Details for 905/480-490 Collins St, Melbourne
905/480-490 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 and floor size of 28m2. While the property is not currently for sale or for rent, it was last transferred in March 2024.
Last Listing description (February 2024)
Located along Melbourne's famous Golden Mile is the Oaks on Collins. This ideally situated building is a hub of activity right in the middle of the CBD. This fully refurbished building includes ample facilities including pool and gym, concierge, conference facilities and a five star restaurant.
This investment opportunity is ideally suited to smart investors looking for a high return. With a long term lease in place until 2025 this is the perfect set and forget opportunity you have been waiting for. 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 fees, council or water rates. All this together with 3% rental increases per year make this the investment opportunity of the year.
This apartment faces out towards Collin Street with uninterrupted views & ample natural light throughout. Well- appointed and recently refurbished, this comfortably sized studio comprises stone benches, air-conditioning, robes, and a fully equipped kitchen. This immaculately presented apartment is located in the heart of Melbourne's CBD & has all the smart traveler could need. Take the opportunity to purchase into one of Australia's leading Hotel chains and capitalize on this sound investment or perfect new city home. Take the time to inspect or ask for a copy of the contract.
Anyone inspecting the property must not be subject to 14 isolation period, be feeling unwell or have any reason they may have been exposed to COVID-19 virus
Property History for 905/480-490 Collins St, Melbourne, VIC 3000
- 29 Mar 2024Transferred
- 07 Feb 2024Listed for Sale $190,000
- 03 Aug 2022Sold for $175,000
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 64,265 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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