$199,000
1512/60 Market Street, Melbourne VIC 3000
Apartment
11
Block size: 1074 m² approx.
THE PERFECT ENTRY LEVEL INVESTMENT- PLUS A 7% RETURN.
Oaks On Market is an immaculate apartment hotel located in the heart of the CBD.
*** THIS IS FOR THE ASTUTE INVESTOR ONLY CANNOT BE USED FOR OWNER OCCUPATION ***
This large North facing studio apartment of 40 square meters is located on Level 15 and has long views over the city skyline.There is a bright and light generous living area with ample cirulation space around the queen sized bed. The well appointed granite kitchen has quality appliances as well as smart, stylish bathroom.
This is well-maintained building with an elegant lobby with a fully renovated restaurant and bar. There is also a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms.
Leased to the Oaks Group until 31st August 2026 with one further 5 Year option
IMPORTANT INFORMATION:
RENT: $14,040 pa
RENT REVIEW: Annually
RETURN: 7% Gross
(6.25% Nett)
LEASE: Until 31st August 2026
OPTIONS: One Further Five Year Option
OWNER PAYS:
Owners Corp Maintenance Fund: $1,625 pa
TENANT (Oaks) PAYS
Owners Corporation Administration Fund
Council Rates
Water Rates
Insurance
General Maintenance
Inspection by private appointment.
*** THIS IS FOR THE ASTUTE INVESTOR ONLY CANNOT BE USED FOR OWNER OCCUPATION ***
This large North facing studio apartment of 40 square meters is located on Level 15 and has long views over the city skyline.There is a bright and light generous living area with ample cirulation space around the queen sized bed. The well appointed granite kitchen has quality appliances as well as smart, stylish bathroom.
This is well-maintained building with an elegant lobby with a fully renovated restaurant and bar. There is also a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms.
Leased to the Oaks Group until 31st August 2026 with one further 5 Year option
IMPORTANT INFORMATION:
RENT: $14,040 pa
RENT REVIEW: Annually
RETURN: 7% Gross
(6.25% Nett)
LEASE: Until 31st August 2026
OPTIONS: One Further Five Year Option
OWNER PAYS:
Owners Corp Maintenance Fund: $1,625 pa
TENANT (Oaks) PAYS
Owners Corporation Administration Fund
Council Rates
Water Rates
Insurance
General Maintenance
Inspection by private appointment.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Martin Russell to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
1
Bathrooms:
1
Property type:
Apartment
Block Size:
1074 m²*
Other Details
Lot:
1512
Plan:
PS336605
Legal description:
1512\PS336605
Maps and area information
Block information
Block size: 1074m² (approx)
Legal description: 1512\PS336605
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
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Statement of information
Section 47AF of the Estate Agents Act 1980
No statement of information is provided by the agent
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Melbourne suburb information
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SummaryMedian sales
Average Age
29 years
Population
54,941
Listing ID: 182446540. This listing has been viewed 3 times. It was first displayed on 14/04/2024 and last updated on 14/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.