1414/60 Market Street, Melbourne

ABOUT THE PROPERTY

Bedrooms
1
Bathrooms
1
Car spaces
0
Land size
-
Building size
-
Council area
Melbourne
Year built
2000
Lot plan
1414/PS336605 Melbourne VIC
House type
Unit: Standard



HISTORY

Last sold 28/09/2017
$345,000



LISTING DESCRIPTION
as of September 2017

ATTENTION ALL INVESTORS !!! EXTRA LARGE 1 BEDROOM RETURNING POTENTIALLY 7.3% RETURNObtaining potentially a 7.3 % return this luxury apartment located in the premium corner position of the Oaks on Market Street is too good to be true.This 'set and forget' investment properties within the 4.5 Star Oaks on Market Street, has an incredibly secure lease lasting until 2036 and a fabulous current rental return of $25,432.68 per annum with up to 5% CPI increases most years.NO Refurbishment Cost as it has already been paid.The apartment itself open plan living /dining area ,separate fully equipped granite kitchenette which has sufficient natural light from the floor to ceiling windows.Coming fully furnished with sofas, dining table & matching chairs, coffee table and flat screen TV, well-appointed large bathroom, central heating and cooling, secure building entry, and access to amenities which include a concierge, gym, heated lap pool, sauna, spa, and function room.There is also a brand new cafe/restaurant on the ground floor,which has just been upgraded.And add to all this is that you will have the best Melbourne has to offer all at your doorstep, Flinders and Southern Cross Stations around the corner & a just a short walk and you will land in all the best of Melbourne's sporting, Crown Complex and Melbournes iconic lane-ways, buzzing bars, fashionable boutiques, top-rated cafs and world-class restaurants, this is location at its ultimate best.Outgoings:Tenant Pays:Owners Corporation feesCouncil and water ratesInsuranceGeneral maintenanceWater usageOwner Pays:Sinking Fund $300 per Quarter (Approx)