Affordable investment with secure rental income of $12,201 PA, this apartment represents long term yield stability. An excellent opportunity to add to your portfolio in the renewed CBD precinct. Securely leased to the renowned 4.5 stars hotel operator, The Oaks, this well-maintained apartment is currently on the first year of a 5-year lease with further option of an additional 5 years. The Renter pays for outgoings. Well located in the Collins Street Central Business Precinct, the apartment features spacious open plan living, quality fitting and fixtures, modern bathroom, heating, and cooling. Full resort amenities include, fully equipped gymnasium, heated indoor pool, spa and sauna, as well as in-house bar, restaurant, and café. Public transport is at the door, providing exceptional access to all areas of the city and beyond. If you are a savvy investor looking for consistent return well above the long-term cash rate, this strategically located apartment will prove a valuable asset. Please contact agent for further information or to arrange an inspection.