SoldMay 9, 2016

1214/60 Market St, Melbourne, VIC, 3000

$360,000

1
1

Apartment

30+ days on the market

Sold: May 9, 2016

What's around 1214/60 Market St

6.9% RETURN - ONE BEDROOM INVESTMENT APARTMENT

Perfect for the astute investor is this extra large one bedroom apartment situated on the 12th floor in the North/West corner. The generous living/dining area opens to the integrated granite kitchen with quality appliances. A king sized bedroom offers built in robes and en-suite access to the well appointed bathroom with bath. N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION The elegant entrance lobby leads to a reception area and restaurant with bar. It also has a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms. Leased to the Oaks Group until September 2021 with further options thereafter. Rent: $25,400 pa ($488 per week) Return: 6.9 % Rental Review: 5% every 2nd year of the lease Term: To The Oaks Group until 2021 Options: 3 x 5 year options Rental Increases: 5% increases every 2nd year of the lease Outgoings: Tenant Pays: Owners Corporation fees Council and water rates Insurance General maintenance Water usage Owner Pays: Sinking Fund – $386 per Quarter (Approx) To arrange an inspection please call: Nick Walters of Kingsford Property - The Serviced Apartment Specialists. MOB: 0438 557 885 PH:(03) 9682 6222 E; nick@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.

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Buyer's review

almost 10 years ago

Review on Nick Walters

Well , I bought 3 properties through Nick Walters that should indicate that I liked dealing with him. He provided the information I required although 2 properties I bought sight unseen which may indicate the trust I have in his confirmation of the conditions of the properties. Only met him once through the viewing of the last property bought. In negotiation, he mainly suggested the prices the vendors would accept . Not much of hard negotiating by me due to the fact that I find the prices acceptable. Don't know whether I was a smart investor here but being a foreign buyer , appreciated the " advice". Overall, I find Nick is a really good agent , one of the most helpful I have dealt with and will certainly wish to deal with again in the future. Regards, Seng lee

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