712/60 Market Street, Melbourne VIC 3000

Situated in the heart of the city, the Oaks On Market is a fabulous apartment hotel comprising superbly appointed, self contained apartments.

For the astute investor is this large studio apartment of 37 square meters situated on level seven and on the Northern side of the block. This apartment offers high ceilings, functional floor plan offering a smart central living area in addition to an integrated granite kitchen with quality appliances and space for a queen sized bed and built in robes. Also included is a sparkling bathroom with a shower over a bath and ducted reverse cycle air-conditioning.

The perfect CBD location opposite the Crown casino entertainment complex the building boasts a restaurant & bar, heated pool, sauna, spa plus a fully equipped gymnasium.

N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

Rent: $16,808 pa - $323 per week (approx.)

Return: 6.75%

Reviews: 5% increases every 2nd year of lease

Term: Leased to the 'Oaks group' until September 2016

Options: 4 x 5 year options thereafter

Outgoings:
Tenant:
Owners Corporation fees
Council and Water rates
Insurance
General maintenance
Water usage

Owner:
Sinking Fund $220 per quarter (approx.)


For further enquiries please call:
Nick Walters of Kingsford Property - The Serviced Apartment Specialists.
0438 557 885 or (03) 9682 6222

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.