1502/60 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
1502/PS336605 Melbourne VIC
House type
Unit: Standard



HISTORY

Last sold 20/04/2015
$277,000



LISTING DESCRIPTION
as of April 2015

Money in the bank not working for you, how does a 7% return sound ? Another great result for Nick Richards and Dingle Partners. We are the market leaders when it comes to selling your serviced apartment. We know the Oaks apartment inside out , so there is no one better to handle the sale of your serviced ap[apartment. Call Nick on 0404099310.Surrounded by a plethora of pulsating city attractions, and positioned in a quiet Market Street pocket, this fully-serviced studio apartment on the 15th floor of the 4.5-star Oaks on Market hotel complex represents a brilliant investment opportunity with an outstanding $19800 Net return per year. Combined this with a 5% CPI increase this year and you are looking at $20790. This investment opportunity is optimized by 100% occupancy so there's no late rents, no owners corp fees, no rates and the hotel is responsible for any damage. Basically this is a set and forget investment property with a guaranteed income stream for years to come. Offering high-yield rental returns for eager investors and perfect for self managed super funds, this comfortable apartment is fully-furnished and filled with gorgeous natural light, while also boasting superb views of Southbank Promenade and the Yarra River. Highlights of this pad include a relaxed central living area with LCD TV, sleeping zone with built-in robes, granite kitchen with Fisher and Paykel induction cooktop and fridge, sleek bathroom with combined bath and shower, ducted heating and cooling, and building amenities which include a stylish lobby with concierge, restaurant/bar, fully-equipped gymnasium, heated lap pool, sauna, spa, and three function rooms.Nearby trams enable guests to access all the fantastic local cafes, shops, restaurants, and bars that the CBD has to offer, while other attractions within close proximity include Crown Entertainment Complex, Southbank eateries, Rialto Towers, Docklands precinct, Southern Cross Station, and Flinders Street Station.