207/60 Market Street, Melbourne

ABOUT THE PROPERTY

Bedrooms
1
Bathrooms
1
Car spaces
0
Land size
1026 m2
Building size
-
Council area
Melbourne
Year built
2000
Lot plan
207/PS336605 Melbourne VIC
House type
Unit: Standard



HISTORY

Last sold 17/05/2018
$0



LISTING DESCRIPTION
as of February 2016

Set and forget investment with returns over 7% Surrounded by a plethora ofcity attractions, and positioned in a quiet Market Street pocket, this fully-serviced studio apartment on the 2nd floor of the 4.5-star Oaks on Market hotel complex represents a brilliant investment opportunity with an outstanding $15,756 Net return per year or over 7% net.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 views over looking the Port Authority building.Highlights of this Studio 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