This remarkable serviced apartment at the Oaks-on-Collins, perfectly located in the heart of the CBD and opposite famous Rialto Towers and the New Hotel Intercontinental, offers everything the astute investor could possibly want. Featuring a welcoming secure entrance, modern kitchen with stainless steel appliances, ample cupboard space & dishwasher, meals area, open plan living boasting loads of natural light, stunning balcony ideal for entertaining, generous bedroom & beautiful bathroom. This New York style studio spans over 35sqm, has access to swimming pool & gymnasium and is the ideal investment property for the first time owner or seasoned investor. With the tram on your doorstep, cafes & restaurants in complete walking distance, city living is definitely the way to go. This apartment is securely leased on a 5 year lease term to the Oaks Hotel until October 2010 with a 3%rental increase p.a, so why not experience high rental returns without all the headaches and pay no outgoings at all!!!