For sale
Apartment • 5mo
$220,000 - $240,000
Within Budget1903/60 Market Street, Melbourne, VIC, 3000, Australia
1
1
Nearest stations
Melbourne Central
469M (6 mins)
Flinders Street
528M (7 mins)
Flagstaff
682M (9 mins)
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About this Property
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.
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.
Statement of Information
View Statement of InformationIn compliance with Estate Agents Act 1980
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Buying as an investment property?
We can advance 2 years of rental income upfront.
On any investment property
Investors can receive up to $10,000^ in 48 hours
^estimated from $0/week rent* over 2 years
No banks. No loans. No drama.
Apply in 2 mins & confirm eligibility in 24 hrs
No impact to your credit score
This is not a home loan and not credit
Only pay back when rent is received
* Estimated based on 4% annual rental yield and a $0 property value. Weekly rent estimated at $0 ($0 ÷ 365 x 7 days). Prepayment capped at $100,000. Subject to approval.
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More Details on 1903/60 Market Street, Melbourne VIC
How many bedrooms and bathrooms does 1903/60 Market Street, Melbourne have?
1903/60 Market Street, Melbourne is a 1 bedroom , 1 bathroom apartment.
Who is the agency that listed 1903/60 Market Street, Melbourne?
The agency who listed 1903/60 Market Street, Melbourne is Pagan Real Estate - you can contact the agents here.
How many car spots does 1903/60 Market Street, Melbourne have?
There were no car spots found on the listing for 1903/60 Market Street, Melbourne.
How much is 1903/60 Market Street, Melbourne?
The price of 1903/60 Market Street, Melbourne is $220,000 - $240,000 - contact the agents to find out more.