This turnkey investment property, located within the prestigious 4.5-star Oaks on Market Street, offers a secure lease in place and delivers an impressive current rental return of approximately $1,061 per month. Boasting a consistently high occupancy rate, this opportunity is further enhanced by a range of investor-friendly benefits: no late rental payments, no Owners Corporation fees, no council rates, no agent fees, and all maintenance or damage covered by the hotel.
Tenant pays for owner corp admin, council rates. water rates, insurance and general maintenance.
Owner pays maintenance levy of approx. $426 per quarter approx.
Property features a well kept studio with seperate bathroom, built in robes and kitchenette area. Being managed by a hotel wear and tear is minimal as it is always thoroughly cleaned in between guests. The building also features pool, gym, concierge and ground floor lounge.
Lease term until 2026 with 1 further 5 year option.
Conveniently situated near Flinders Street and Southern Cross Stations, and just moments from Melbourne’s CBD, this is a low-maintenance investment in a prime location.
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