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About this property
For Investors only and not for the owner occupier, this spacious one bedroom 'Oaks on Market' apartment is ideal for the astute investor seeking a peace of mind, high returning (7.5% 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: $2,351.00 pa approx. INSPECTION - Is by private appointment. Please contact Robert Eggers 0412 329 340
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 1
- Bathrooms
- 1
- Listed
- 3 months ago
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Upfront costs
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Neighbourhood
Living in Melbourne
This 1-bedroom apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools.
Schools near Melbourne
- Eltham College - Lonsdale Street Campuscombined
- Melbourne Grammar Schoolcombined · Prep-12 · CoEd
- Melbourne Grammar School - Wadhurst Campuscombined
- Victorian College For The Deafcombined · U · CoEd
- Wesley Collegecombined · Prep-12 · CoEd
- Holmes Grammar Schoolsecondary · 11-12
What's nearby
- Southgate Landing - Berth 1 (ferry) — 469 m away
- Rapha — 728 m away
- Market Street Park — 50 m away
- Unnamed — 577 m away
- Unnamed — 639 m away
Melbourne at a glance
Full suburb profile- Population
- 54,941
- Median age
- 29
- Household income
- $1,448/wk
- Median rent
- $381/wk
- Median mortgage
- $1,800/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Melbourne price trend
Median sold · Unit 1 bed
Compound growth -0.8% / yr over 4 yrs
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