1103/60 Market Street, Melbourne.
Attention Investors, Incredible Returns With This 'Set-and-Forget' Investment Opportunity - Guaranteed Lease with the Oaks Hotel.
*** Please note: This is a hotel Investment only, and cannot be owner occupied. *** - Currently leased for $14,301.53 per annum. - Owners Corporation Fees: $457.40 per quarter approx. (Paid by vendor) - Water Rates: $678 per annum approx. (Paid by hotel) - Council Fees: $1,175.54 per annum approx. (Paid by hotel) - Gross Return on Investment: 7.95% approx. - Net Return on Investment: 6.93% approx. (Figures based on sale price of $180,000) ***Lease Details*** - Commencement Date: 1 September 2021 - Termination Date: 31 August 2026, unless an option of renewal for a Further Term is exercised by the Lessee, in which case the Termination Date is the last date of the relevant Further Term. - Further Terms: One (1) Further Term of five (5) years. Available to inspect via private appointment subject to availability with the hotel bookings. Please call Alex White on 0447 688 404 to discuss further. Secure this outstanding investment opportunity and own a stylish, low-maintenance apartment in the renowned Oaks Hotel, on the footstep of Melbourne's thriving CBD, securely leased to a professional manager for guaranteed rental returns. Perfect for investors, this "set-and-forget" asset combines high income, prime location, and zero vacancy risk-all within walking distance of Flinders Station, top dining, and luxury shopping. This sleek and modern apartment offers high-quality finishes, a stunning view over the city, and a stylish bathroom designed for both comfort and functionality. Built-in robes and intelligent use of space ensure practicality, while the building's premium amenities and secure access add peace of mind.
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Get to know the area.
Buzzy and cosmopolitan Melbourne CBD offers a treasure trove of arts, dining and musical entertainment. Towering office buildings jostle for space with high-end designer boutiques, hidden laneway bars and the vibrant colours of Chinatown, while the city’s signature street art gives it a welcome edge. A magical melting pot, there’s a whole lot to do (and love) here.
Your local office.
Perfectly positioned to deliver great real estate services across Melbourne’s inner-north, Belle Property Carlton, Melbourne and our branch office in North Melbourne have an enviable reputation of offering superior real estate services with the backing of an Australia wide network. The first office of 30 year plus long-standing principal Scott McElroy, the office provides customer-centric property advice to and ever-expanding and loyal customer base.
Most recently the merger of Belle Property Carlton with Alexkarbon Real Estate, one of North Melbourne’s premier boutique agencies has further expanded our reach with the opening of Belle Property North Melbourne. Through this merger and joining Scott and his team, are founding directors of Alexkarbon, Charles Bongiovanni and Alex Puglia plus their team which will further strengthen our inner-north service offering.
Throughout Carlton, Carlton North, North Melbourne, Fitzroy, Fitzroy North, Collingwood, Parkville and Melbourne’s CBD, the team provides comprehensive residential, investment and project marketing advice to deliver the best results possible.
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