$197,000
913/60 Market Street, Melbourne VIC 3000
Apartment
11
Block size: 1074 m² approx.
PRICED TO SELL - PLUS HUGE 7.25% RETURN...
Situated in the heart of the city, the Oaks On Market is a fabulous apartment hotel comprising superbly appointed, self-contained investment apartments.
NB. THIS IS FOR THE ASTUTE INVESTOR ONLY - CANNOT BE USED FOR OWNER OCCUPATION
On offer here for the astute investor is a large studio apartment of 40 square meters situated on Level Nine and on the Northern side of the block. This apartment offers high ceilings, functional floor plan offering a smart central living area in addition to an integrated granite kitchen with quality appliances and space for a queen-sized bed and built in robes. Also included is a sparkling bathroom with a shower over bath and ducted reverse cycle air-conditioning.
This well-maintained building provides intercom entry to an elegant lobby with a reception area and restaurant/bar. It also has lift access, 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: $14,300 pa
RENT REVIEW: Annually
RETURN: 7.25% Gross
(6.6% Nett)
LEASE: Until 31st August 2026
OPTIONS: One Further Five Year Option
OWNER PAYS:
T
Owners Corp Maintenance Fund: $1,298 pa
TENANT (Oaks) PAYS
Owners Corporation Administration Fund
Council Rates
Water Rates
Insurance
General Maintenance
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
Nick@kingsfordproperty.com.au
Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.
NB. THIS IS FOR THE ASTUTE INVESTOR ONLY - CANNOT BE USED FOR OWNER OCCUPATION
On offer here for the astute investor is a large studio apartment of 40 square meters situated on Level Nine and on the Northern side of the block. This apartment offers high ceilings, functional floor plan offering a smart central living area in addition to an integrated granite kitchen with quality appliances and space for a queen-sized bed and built in robes. Also included is a sparkling bathroom with a shower over bath and ducted reverse cycle air-conditioning.
This well-maintained building provides intercom entry to an elegant lobby with a reception area and restaurant/bar. It also has lift access, 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: $14,300 pa
RENT REVIEW: Annually
RETURN: 7.25% Gross
(6.6% Nett)
LEASE: Until 31st August 2026
OPTIONS: One Further Five Year Option
OWNER PAYS:
T
Owners Corp Maintenance Fund: $1,298 pa
TENANT (Oaks) PAYS
Owners Corporation Administration Fund
Council Rates
Water Rates
Insurance
General Maintenance
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
Nick@kingsfordproperty.com.au
Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Nick Walters 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:
913
Plan:
PS336605
Legal description:
913\PS336605
Maps and area information
Block information
Block size: 1074m² (approx)
Legal description: 913\PS336605
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Nearby sales
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Property history
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Statement of information
Section 47AF of the Estate Agents Act 1980
Download Statement of Information
Indicative selling price, median house price for the suburb and comparable sales information has been provided by the agent in compliance with Estate Agents Act 1980.
Melbourne suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
29 years
Population
54,941
Listing ID: 181985831. This listing has been viewed 122 times. It was first displayed on 09/10/2023 and last updated on 28/02/2024.
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.