506/60 Market Street, Melbourne VIC 3000

Property Details: • Type: Apartment / Unit / Flat

• Bedrooms: 1 • Bathrooms: 1

Description: Spacious studio apartment with generous and well positioned study nook in the entry hall. Views facing out over tree lined Market Street. Investors will appreciate the solid and secure rental return with Oaks until 2031, whilst providing longer term opportunities beyond 2031 to move in, use as the perfect city pad, or perhaps continue leasing the property on either a short stay or long term basis. Outgoings payable by tenant: OC admin fees, council rates, water rates Owner is responsible for OC Sinking Fund approx $1,500pa Leased to Oaks on Market Serviced Apartments until 1st September 2031. Current rental is $1,343.33 per month, increasing to $1,383.63 on 1st September 2026, with annual automatic CPI increases for the remaining 4 years of the lease. This is a set and forget investment which is perfect for an astute investor or SMSF buyer looking for an ultra affordable investment returning positive cash flow from day 1, and perhaps someone with an eye to having an extremely affordable CBD pad in future years in a highly sought after and regarded building.