FOR SALE
$260,000 - $285,000

1714/60 Market Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Investors Take Note - Prime Investment - High Return - Low Outgoings

For Investors only and not for the owner occupier, this spacious one bedroom 'Oaks on Market' apartment is a first class opportunity for the astute investor seeking a peace of mind, high returning (7.0% Gross approx.) secure investment property with a current rent of $20,280.00 gross approx. per annum, with CPI annual increases (capped at 5%).
Ideally positioned on level 17, featuring a bright city aspect, spacious open living & meals, well appointed kitchen area, stone bench tops, electric cooking and rangehood. An extra large separate bedroom, built in robes, spacious ensuite bathroom, heating /cooling.
LEASED- Until 31st August 2026, with a further 2 five year options.
TENANT (OAKS) PAYS - Owners Corporation Admin Fees, Council Rates, Water Rates, Insurance, general maintenance.
OWNER PAYS - Maintenance Fund Fee: $1,940.00 pa approx.
INSPECTION - Is by private appointment. Please contact Robert Eggers 0412 329 340
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Property Details for 1714/60 Market St, Melbourne

1714/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Dingle Partners - Melbourne.

Building Type
Apartment

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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 60,846 properties. Over the last 5 years, Houses in Melbourne have seen a 12.01% increase in median value, while Units have seen a -3.92% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,371,910 while the median value for Units is $452,109.
  • Houses have a median rent of $580 while Units have a median rent of $650.
There are currently 348 properties listed for sale, and 299 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2142 properties were sold in the past 12 months in Melbourne.

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Robert Eggers
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Dingle Partners - Melbourne
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