Outstanding investment with a 6.8% net return

If you are looking for an unbeatable investment property then look no further than this fully-furnished and extra-large studio apartment in the wonderful 'Oaks on Market' hotel complex just a short walk to Southbank and Crown Casino.

A brilliant 'set and forget' property for investors of all types, as well as those with a self-managed super fund, this 9th floor gem will appeal to many with an enticing rental return of $18271.32 per year and a yield of 6.8%, while having a secure lease until 2036.
Best of all you do not pay outgoings including Owners corporation fees, council rates, water rates, agents management fees or utility bills. Your rent is guaranteed and is the same every month subject to the scheduled increases in rent.

This apartment is highlighted by the spacious central living and sleeping area with study desk, flat screen TV, and robe storage, granite kitchenette with Fisher and Paykel induction cooktop and refrigerator as well as an LG microwave, sleek bathroom, central heating and cooling, and access to building amenities which include a concierge, gymnasium, heated lap pool, sauna, spa, and three function rooms. The ground floor has also been recently renovated with a new bar, restaurant, and lobby.

Located in a quiet city pocket near Southbank Promenade, Freshwater Place, Southgate shopping, Rialto Towers, an array of city bars and boutique shopping, Bourke Street Mall, Melbourne's GPO, Crown Entertainment Complex with world-class restaurants, trams in all directions, Southern Cross Station, and Flinders Street Station.

Click here for the Consumer Affairs Victoria Due Diligence Checklist for Home Buyers

Features

airconditioning
Built-In Wardrobes
Close to Schools
Close to Shops
Close to Transport

Agent Details

Nick Richards

Director

P. 03 9741 9666

M. 0404 099 310

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