New price
$208,000
1708/60 Market Street, Melbourne VIC 3000
Apartment
11
8% RETURN!
*** THIS IS FOR AN ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION ***
Nestled at the heart of the bustling commercial area of the CBD is Oaks on Market, an impeccable apartment hotel.
Presenting an enticing opportunity for astute investors, this expansive studio apartment of 40 m2 (approx.) has a westerly aspect and is positioned in in the impecable Oaks on Market building. Boasting lofty ceilings, this well-thought-out floor plan features a generous living space that seamlessly merges with an integrated granite bench-top kitchen equipped with premium appliances. Completing the picture is the pristine bathroom featuring a shower over bath and ducted reverse cycle air-conditioning.
The opulent lobby iincludes a fully renovated restaurant and bar. Resident amenities include a fully equipped gymnasium, heated lap pool, sauna, spa, and three versatile function rooms.
Currently leased to the Oaks Group until August 31, 2026, with an additional five-year option, this property promises steady returns for the discerning investor.
THIS IS FOR AN ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
IMPORTANT INFORMATION:
RENT: $16,640.04 pa
INCREASE: Annual CPI (Capped at 5%) each September between Market Reviews
RETURN: 8% Gross
LEASED: Until 31st August 2026
OPTIONS: One Further Five-Year Option
TENANT (OAKS) PAYS:
Owners Corporation Admin Fund
Council Rates
Water Rates
Insurance
General maintenance
OWNER PAYS:
Owners Corporation Maintenance Fund: $1,165.50 pa
Inspections can be arranged by private appointment.
For further details, please contact:
Martin Russell of Kingsford Property - 0417 005 302
martin@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.
Nestled at the heart of the bustling commercial area of the CBD is Oaks on Market, an impeccable apartment hotel.
Presenting an enticing opportunity for astute investors, this expansive studio apartment of 40 m2 (approx.) has a westerly aspect and is positioned in in the impecable Oaks on Market building. Boasting lofty ceilings, this well-thought-out floor plan features a generous living space that seamlessly merges with an integrated granite bench-top kitchen equipped with premium appliances. Completing the picture is the pristine bathroom featuring a shower over bath and ducted reverse cycle air-conditioning.
The opulent lobby iincludes a fully renovated restaurant and bar. Resident amenities include a fully equipped gymnasium, heated lap pool, sauna, spa, and three versatile function rooms.
Currently leased to the Oaks Group until August 31, 2026, with an additional five-year option, this property promises steady returns for the discerning investor.
THIS IS FOR AN ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
IMPORTANT INFORMATION:
RENT: $16,640.04 pa
INCREASE: Annual CPI (Capped at 5%) each September between Market Reviews
RETURN: 8% Gross
LEASED: Until 31st August 2026
OPTIONS: One Further Five-Year Option
TENANT (OAKS) PAYS:
Owners Corporation Admin Fund
Council Rates
Water Rates
Insurance
General maintenance
OWNER PAYS:
Owners Corporation Maintenance Fund: $1,165.50 pa
Inspections can be arranged by private appointment.
For further details, please contact:
Martin Russell of Kingsford Property - 0417 005 302
martin@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 inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
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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
Other Details
Lot:
1708
Plan:
PS336605
Legal description:
1708\PS336605
Maps and area information
Block information
Legal description: 1708\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: 182493592. This listing has been viewed 3 times. It was first displayed on 03/05/2024 and last updated on 27/06/2024.
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.