1109/60 Market Street, Melbourne

ABOUT THE PROPERTY

Bedrooms
1
Bathrooms
1
Car spaces
2
Land size
-
Building size
-
Council area
Melbourne
Year built
2000
Lot plan
1109/PS336605 Melbourne VIC
House type
Unit: Standard



HISTORY

Last sold 09/10/2013
$395,000



LISTING DESCRIPTION
as of October 2013

Massive 7.5% return GENUINE CASH FLOW POSITIVE PROPERTY! Suitable only as an investment this fully fitted two bedroom corner apartment with fantastic view is a 'must' inclusion for the property investment portfolio. With an annual return of $30,820.00 approx. and long secure lease this serviced apartment offers a steady income stream & secure future.An opportunity to buy a property which actually pays for itself! Refurbished recently, so depreciation advantages remain a factor. Apartment features light filled living and lounge area with large windows, two spacious bedrooms with built in robes, formal entrance and study area, modern bathroom and kitchen, ducted heating and cooling.Lease Term: Until 2016 Options: Four x 5 years. Rental Increases: 5% every second year.Outgoings: approx. $415.0 pq. Tenant pays for Owners Corp Fees, Council Rates, Water Rates, Insurance, and General MaintenanceBuilding offers pool, gym, concierge foyer and conference facilities complete exceptional surroundings in the very heart of the CBD.