This property is now sold. If you are interested in purchasing a Serviced Apartment, please visit our website kingsfordproperty.com.au
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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, an impeccable apartment hotel.
Presenting an enticing opportunity for astute investors, this expansive studio apartment of 40 m2 (approx.) has a westerly aspect and is positioned in in the impecable Oaks on Market building. 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 iincludes 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: 8% 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 and special levies: $2,247.52 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.
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