1512/60 Market Street, Melbourne VIC 3000

Oaks On Market is an immaculate apartment hotel located in the heart of the CBD.

*** THIS IS FOR THE ASTUTE INVESTOR ONLY – CANNOT BE USED FOR OWNER OCCUPATION ***

This large North facing studio apartment of 40 square meters is located on Level 15 and has long views over the city skyline.There is a bright and light generous living area with ample cirulation space around the queen sized bed. The well appointed granite kitchen has quality appliances as well as smart, stylish bathroom.

This is well-maintained building with an elegant lobby with a fully renovated restaurant and bar. There is also a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms.

Leased to the Oaks Group until 31st August 2026 with one further 5 Year option

IMPORTANT INFORMATION:

RENT: $14,040 pa

RENT REVIEW: Annually

RETURN: 7.25% Gross
(6.5% Net)

LEASE: Until 31st August 2026

OPTIONS: One Further Five Year Option

OWNER PAYS:

Owners Corp Maintenance Fund: $1,625 pa

TENANT (Oaks) PAYS

Owners Corporation Administration Fund
Council Rates
Water Rates
Insurance
General Maintenance

Inspection by private appointment.