506/60 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
506/PS336605 Melbourne VIC
House type
Unit: Townhouse/Villa



HISTORY




LISTING DESCRIPTION
as of January 2016

A CBD Investment with a secure 7% net return If you've ever contemplated dipping your toes in the CBD investment market, look no further than this fully-furnished and extra-large studio apartment in the wonderful 'Oaks on Market' hotel complex just a short walk to Southbank and Crown Casino.A brilliant 'set and forget' property for investors of all types, as well as those with a self-managed super fund, this 5th floor gem will appeal to many with an enticing rental return of $19,536 per year and a yield of 7%, while further having a secure lease until 2036.This apartment is highlighted by the spacious central living and sleeping area with study desk, flat screen TV, and robe storage, granite kitchenette with Fisher and Paykel induction cooktop and refrigerator as well as an LG microwave, sleek bathroom, central heating and cooling, and access to building amenities which include a concierge, gymnasium, heated lap pool, sauna, spa, and three function rooms. The ground floor has also been recently renovated with a new bar, restaurant, and lobby.Located in a quiet city pocket near Southbank Promenade, Freshwater Place, Southgate shopping, Rialto Towers, an array of city bars and boutique shopping, Bourke Street Mall, Melbourne's GPO, Crown Entertainment Complex with world-class restaurants, trams in all directions, Southern Cross Station, and Flinders Street Station.