204E/888 Collins Street, Docklands VIC 3008

Lower-level rarity in 888 Collins | bright open-plan with balcony and secure parking | strong rental demand near Marvel and Crown | flood overlay requires due diligence The property offers a compelling entry point into the 888 Collins Street precinct, a location that consistently attracts professional tenants and owner-occupiers seeking proximity to the CBD, Marvel Stadium, and the Convention Centre. The lower-level positioning is unusual in this tower and provides a practical layout with natural light, built-in robes, and a balcony—features that support both livability and rental appeal. With a split system, alarm, intercom, and access to the building’s gym and pool, the unit serves a tenant demographic that values convenience and security. It is best suited to an investor targeting steady rental income or a first-home buyer wanting a low-maintenance city-fringe base. The flood overlay is the primary risk and should be investigated thoroughly before proceeding, as it may affect insurance costs and future resale. The unit’s lower level also means less outlook and potential noise from street level, though the secure parking and building amenities offset this. Rental returns near $575 per week are solid for the price bracket, and the recent lease history confirms demand. Hold for consistent cash flow rather than short-term capital gain, and treat the overlay as a negotiating point rather than a dealbreaker.