FOR SALE
UNDER OFFER

1003/480 Collins Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 30m2
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Studio apartment in a prime location offering excellent investment returns.

Discover an exceptional investment opportunity in the heart of Melbourne's CBD, surrounded by some of the city's finest architecture. This recently refurbished studio apartment offers a well-presented, light-filled space featuring a spacious living area, stone-topped kitchen bench, induction cooktop, built-in desk, and a stylish bathroom.
Currently leased as a serviced apartment with Oaks on Collins, it provides a hassle-free, set-and-forget investment with a rental income of $1,858 approx. per month ($22,229 per annum), with 4% annual increase until 2028. The flexible lease allows for termination, offering vacant possession after a 90-day notice period, making it adaptable to your investment or personal needs.
The building includes a range of amenities such as a gymnasium, sauna, conference center, business center, boardroom, and a convenient food court on the ground floor, enhancing the lifestyle appeal of this property.
Thoughtfully designed to maximize space and natural light, the apartment creates a warm and inviting atmosphere, ideal for those who value the convenience of city living. With numerous cafes, restaurants, shopping centers, and entertainment options right at your doorstep, this property offers the perfect blend of comfort and location.
Whether you're looking for a solid investment or your own urban sanctuary, this property delivers excellent value for money. Don't miss the opportunity to own a piece of Melbourne's vibrant city lifestyle.
Take a 3D tour or contact Jennifer Ward on 0400 562 644 to arrange an inspection today.
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Property Details for 1003/480 Collins St, Melbourne

1003/480 Collins St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 30m2. The place is currently for sale with Elders Real Estate Bairnsdale.

Building Type
Apartment
Floor Size
30m2

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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 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% 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 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 60,844 properties. Over the last 5 years, Houses in Melbourne have seen a 12.01% increase in median value, while Units have seen a -3.92% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,371,910 while the median value for Units is $452,109.
  • Houses have a median rent of $580 while Units have a median rent of $650.
There are currently 357 properties listed for sale, and 309 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2138 properties were sold in the past 12 months in Melbourne.

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Jennifer Ward
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Bret Ward
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Elders Real Estate Bairnsdale
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