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506/60 Market St

Melbourne VIC 3000

1
1
Apartment
Currently for sale - view listing

Overview

ONE OF THE LARGEST STUDIO APARTMENTS YOU'LL EVER SEE

INVESTORS NOTE: SECURELY LEASED UNTIL SEPTEMBER 2031 Spacious studio apartment with generous and well positioned study nook in the entry hall. Views facing out over tree lined Market Street. Investors will appreciate the solid and secure rental return with Oaks until 2031, whilst providing longer term opportunities beyond 2031 to move in, use as the perfect city pad, or perhaps continue leasing the property on either a short stay or long term basis. Outgoings payable by tenant: OC admin fees, council rates, water rates Owner pays: OC Sinking Fund approx $1,500pa Leased to Oaks on Market Serviced Apartments until 1st September 2031. Current rental is $1,343.33 per month, increasing to $1,383.63 on 1st September 2026, with annual automatic CPI increases for the remaining 4 years of the lease. This is a set and forget investment which is perfect for an astute investor or SMSF buyer looking for an ultra affordable investment returning positive cash flow from day 1, and perhaps someone with an eye to having an extremely affordable CBD pad in future years in a highly sought after and regarded building.

Features

1 bedroom
1 bathroom
Apartment

Property history for 506/60 Market St

2016
Sold
$270,000
Private Sale/Treaty on 04 Jan 2016 by Martin Mashni, of Dingle Partners

Happy sellers in Melbourne

84%
84% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 133 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 583 one-bedroom apartments similar to 506/60 Market St, have been sold.

This represents a 14% increase in one-bedroom apartments sales when compared to the previous 12 months.

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