305/60 Market StreetMelbourne VIC 3000
Property Details for 305/60 Market St, Melbourne
305/60 Market St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2000. The property has a floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (December 2024)
*** THIS IS FOR AN ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION ***
Oaks Melbourne on Market Hotel is situated in the heart of Melbourne, conveniently located within walking distance of all the action.
This spacious 62sqms two-bedroom apartment offers inclusive Wi-Fi and TV with streaming capabilities and all your hotel favourites, including a communal laundry facility, onsite indoor heated pool, gymnasium, and restaurants.
Boasting lofty ceilings, this well-thought-out floor plan features a generous open living and dining area that seamlessly merges with an integrated granite bench-top kitchen with premium appliances. Completing the picture is the pristine bathroom featuring a shower and ducted reverse-cycle air-conditioning.
Your investment is protected by its superb location, steady returns and a reputable tenant in Oaks apartment.
Currently leased to the Oaks Group until August 31, 2031, this property promises steady returns for the discerning investor.
IMPORTANT INFORMATION:
RENT: $21,060 pa
Annual rent increase based on market review
RETURN: 7% Gross
LEASED: Until 31st August 2031
OWNER PAYS:
$2400 per year Maintenance Fund
TENANT (OAKS) PAYS:
Owners Corporation Admin Fund
Council Rates
Water Rates
Insurance
General maintenance
All information including the internal and external property area (floor size, address, and general property description) on the website has been provided to Lucas Real Estate by third parties.
Information contained on the website should not be relied upon and homebuyers are encouraged to undertake due diligence before a property purchase.
Please contact Mia Chen on 0413 096 455 or Lynn Lum on0474 044 293 to discuss this property further.
Property History for 305/60 Market St, Melbourne, VIC 3000
- 13 Dec 2024Sold for $290,000
- 19 Aug 2024Listed for Sale $295,000
- 24 Feb 2014Sold for $335,000
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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 61,547 properties. Over the last 5 years, Houses in Melbourne have seen a 14.85% increase in median value, while Units have seen a -3.54% decrease. As at 30 November 2024:
- The median value for Houses in Melbourne is $1,252,430 while the median value for Units is $449,245.
- Houses have a median rent of $588 while Units have a median rent of $650.
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