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1903/60 Market Street, Melbourne, VIC 3000
No inspections are currently scheduled. to arrange an appointment.
FOR INVESTORS LOOKING TO SET AND FORGET
THIS IS FOR INVESTMENT PURPOSES ONLY, NOT FOR OWNER-OCCUPY. Located close to Flinders Street Station and the Yarra River is the Oaks on Market - an exceptional apartment hotel in a prime location. This property is a fantastic opportunity for astute investors with its returns of approximately 7.5%, views of the Yarra River, high ceilings, and premium furnishings and appliances. In addition to this fantastic package is a chic bathroom comprising a shower over bath, as well as ducted reverse cycle air-conditioning. The opulent lobby includes a fully renovated restaurant and bar, whilst the amenities include a heated lap pool, sauna, spa, fully equipped gymnasium, and three versatile function rooms. Currently leased to the Oaks Group until September 2026, with an additional five-year option, this property promises steady returns for the astute investor. RENT: $17,679.96 pa RENT INCREASE: Annual CPI (Capped at 5%) each September between Market Reviews NET RETURN: approx. 6.8% TENANT (OAKS) PAYS: Owners Corporation Admin Fund Council Rates Water Rates Insurance General maintenance OWNER PAYS: Owners corporation maintenance fund and special levies: $1,336 pa Inspections can be arranged by private appointment. Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.
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1903/60 Market Street, Melbourne, VIC 3000
No inspections are currently scheduled. to arrange an appointment.
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FOR INVESTORS LOOKING TO SET AND FORGET
THIS IS FOR INVESTMENT PURPOSES ONLY, NOT FOR OWNER-OCCUPY. Located close to Flinders Street Station and the Yarra River is the Oaks on Market - an exceptional apartment hotel in a prime location. This property is a fantastic opportunity for astute investors with its returns of approximately 7.5%, views of the Yarra River, high ceilings, and premium furnishings and appliances. In addition to this fantastic package is a chic bathroom comprising a shower over bath, as well as ducted reverse cycle air-conditioning. The opulent lobby includes a fully renovated restaurant and bar, whilst the amenities include a heated lap pool, sauna, spa, fully equipped gymnasium, and three versatile function rooms. Currently leased to the Oaks Group until September 2026, with an additional five-year option, this property promises steady returns for the astute investor. RENT: $17,679.96 pa RENT INCREASE: Annual CPI (Capped at 5%) each September between Market Reviews NET RETURN: approx. 6.8% TENANT (OAKS) PAYS: Owners Corporation Admin Fund Council Rates Water Rates Insurance General maintenance OWNER PAYS: Owners corporation maintenance fund and special levies: $1,336 pa Inspections can be arranged by private appointment. Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.
