Phone Enquiry Property ID: 1458 (Quote when calling or texting)


REDUCED from $275,000 ... must be sold

Showing almost 8% gross yield per annum, this great little earner is for sale. Perfect for mum’n’dad investors or as an addition to your superannuation portfolio. Leased to The Oaks Group this non-residential unit means that you don’t have to go searching for tenants as it is leased 7 days a week, 52 weeks a year and is currently under lease until October 2022,

The unit is located on the 17th floor of 480 Collins Street in the heart of bustling Melbourne’s CBD, close to restaurants, shopping, and corporate Melbourne. The building includes concierge, gymnasium, pool and conference facilitities. The unit is 28 m2 in size and features a queen size bed, ensuite, flatscreen TV, robes, fully equipped kitchenette and generous workspaces.

Oaks Owners Benefits ... In addition to fantastic returns, as an Oaks owner you will receive free membership to the innovative Owner Benefits Program. The Owner Benefits Program offers a great range of discounts and rewards at participating Oaks and iStay resorts and hotels throughout Australia, New Zealand, Thailand and the U.A.E, as well special discounts on accommodation with the Minor Hotel Group across the world.

The benefits don’t stop there. The Owner Benefits Program also gives you access to a range of additional discounts with other Oaks Group partners, including half price membership to the Coffee Club VIP program, discounted Australia Zoo entry and special NIB package deals.

Currently returning $17,446 pa, this represents an 8% annual yield.
Outgoings include:-
Council Rates – $715 pa
Water Rates - $920 pa
Body Corporate - $4,445 pa


  • Airconditioning
  • Ensuite
  • Gym
  • Broadband Connection
  • Built in Robes
  • Ducted Heating
  • Ducted Cooling
  • Reverse Cycle Air Conditioning

Real Estate Yourself can help you to sell or rent your home yourself on Australian major real estate portals such as, and other leading portals with no agent commission. You take the control to sell/rent your property. 100% transparency of the sale or rental process. Start today and save thousands of agent commission.