1612/60 Market Street, Melbourne

ABOUT THE PROPERTY

Bedrooms
1
Bathrooms
1
Car spaces
1
Land size
-
Building size
-
Council area
Melbourne
Year built
2000
Lot plan
1612/PS336605 Melbourne VIC
House type
Unit: Standard



HISTORY

Last sold 10/02/2014
$215,000



LISTING DESCRIPTION
as of January 2014

Beat the banks today. Cash Income! INVESTORS ONLYRefurbished recently, so depreciation advantages remain a factor. Building offers pool, gym, concierge foyer and conference facilities with an extensive piazza complete exceptional surroundings in the very heart of the CBD.This apartment is fully furnished, leased to the Oaks group, and run as an apartment hotel.Offers investors the security of a long term lease with options and minimal outgoings.Lease Term: Until 2016Options: 4 x Five yearsReturn: $15,800 pa (approximately)Rental Increases: 5% every second yearTenant pays for Owners Corp Fees, Council Rates, Water Rates, Insurance, and General Maintenance.