1708/60 Market Street, Melbourne

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** THIS IS FOR AN ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION **

Nestled at the heart of the bustling commercial area of the CBD is Oaks on Market, a remarkable apartment hotel offering an array of impeccably designed, self-contained investment apartments.

Presenting an enticing opportunity for astute investors, this expansive studio apartment of 40 m2 (approx.) has a westerly aspect. Boasting lofty ceilings, this well-thought-out floor plan features a generous living space that seamlessly merges with an integrated granite bench-top kitchen equipped with premium appliances. Completing the picture is the pristine bathroom featuring a shower over bath and ducted reverse cycle air-conditioning.

The opulent lobby is meticulously maintained and includes a fully renovated restaurant and bar. Resident amenities include a fully equipped gymnasium, heated lap pool, sauna, spa, and three versatile function rooms.

Currently leased to the Oaks Group until August 31, 2026, with an additional five-year option, this property promises steady returns for the discerning investor.

THIS IS FOR AN ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

IMPORTANT INFORMATION:

RENT: $16,640.04 pa

INCREASE: Annual CPI (Capped at 5%) each September between Market Reviews

RETURN: 7.25% Gross

LEASED: Until 31st August 2026

OPTIONS: One Further Five-Year Option

TENANT (OAKS) PAYS:
Owners Corporation Admin Fund
Council Rates
Water Rates
Insurance
General maintenance

OWNER PAYS:
Owners Corporation Maintenance Fund: $1,165.50 pa

Inspections can be arranged by private appointment.

For further details, please contact:
Martin Russell of Kingsford Property - 0417 005 302
martin@kingsfordproperty.com.au

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.

View Statement of Information: Download

Nearby Properties

1708/60 Market Street, Melbourne VIC, Australia
1 bedroom(s), 1 bathroom(s), carpark(s),

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Property

sue woollard

As someone who has built an enviable reputation over many years among the home owners of Melbourne, particularly throughout some of the most sought after addresses in the eastern suburbs, Sue Woollard is a breath of fresh air for anyone seeking highly experienced yet user-friendly advice and guidance on any property matter. One of the things that Sue enjoys most about being an Advocate, rather than a Sales Consultant, is that it enables her to provide totally independent, unbiased advice focused purely on the best interests of each client. Her role allows her to work hand-in-hand with each vendor, using her extensive experience of the real estate industry to ensure that the right agents are selected; that the most appropriate marketing strategies are used; that any unnecessary costs are avoided; and that the best result is negotiated. She particularly enjoys the fact that all this can be done for each client without costing them one extra cent for the service! Having come to the real estate industry after a successful career with several major multi-national companies, Sue is able to offer her clients an edge in negotiating skills, not to mention developing individually tailored marketing strategies. Always utterly professional, she is also refreshingly personable and has built long and lasting relationships with many of her clients who value her undoubted work ethic. A creative thinker with an attention to detail that was honed in the demanding world of event management, Sue is both an excellent communicator and an astute listener. She makes it a priority to establish her client’s goals and aspirations and then to work tirelessly to achieve the very best results possible. With Sue Woollard and the team at Vendor Advocacy Australia looking after your interests, you can look forward to a rewarding and relaxing sale.

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