Sold
+ 2

404/60 Market Street, Melbourne

SOLD for $186,000

1 Beds 1 Baths

Set and Forget Investment! Returning 7,1 % approx. per annum

TOO GOOD TO BE TRUE : NO BODY CORP NO COUNCIL RATES NO WATER RATES NO PROPERTY MANAGEMENT FEES! This 'set and forget' investment properties within the 4.5 Star Oaks on Market Street, has an incredibly secure lease lasting until 2026 and 5 more years option. A fabulous current return is $13,260 per annum with up to 5% CPI increases most years.

Note: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION!

All outgoings are paid for by the tenant except the sinking fund ($1,700/pa/approx.)

Featuring a good sized/spacious bedroom, large modern bathroom, fully appointed kitchen, with air conditioning and heating throughout and access to the hotels large lap pool and spa, gym and sauna all complete this wonderful package.

Your investment is protected by its superb location, steady returns and a very reputable tenant in Oaks apartment. For the investor this is a straightforward and easy property to have in your portfolio that provides peace of mind and loads of potential.

Details

Address 404/60 Market Street, Melbourne
Price SOLD for $186,000
Property Type Residential
Property ID 544
Category Apartment

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Flo Djaja

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