1214/60 Market StreetMelbourne VIC 3000
Property Details for 1214/60 Market St, Melbourne
1214/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 1074m2. While the property is not currently for sale or for rent, it was last sold in May 2016.
Last Listing description (August 2016)
Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists with over 20 years experience in the serviced apartment market.
If you d like to discuss your investment property options please call me on 0438 557 885
Perfect for the astute investor is this extra large one bedroom apartment situated on the 12th floor in the North/West corner.
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
The elegant entrance lobby leads to a reception area and restaurant with bar. It also has a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms.
Leased to the Oaks Group until September 2021 with further options thereafter.
Rent: $25,400 pa ($488 per week)
Return: 6.9 %
Rental Review: 5% every 2nd year of the lease
Term: To The Oaks Group until 2021
Options: 3 x 5 year options
Rental Increases: 5% increases every 2nd year of the lease
Outgoings:
Tenant Pays:
Owners Corporation fees
Council and water rates
Insurance
General maintenance
Water usage
Owner Pays:
Sinking Fund $386 per Quarter (Approx)
To arrange an inspection please call:
Nick Walters of Kingsford Property - The Serviced Apartment Specialists.
MOB: 0438 557 885
PH:(03) 9682 6222
E; nick@kingsfordproperty.com.au
Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.
Property History for 1214/60 Market St, Melbourne, VIC 3000
- 11 May 2016Sold for $360,000
- 22 Mar 2016Listed for Sale SOLD
- 18 Nov 2015Listed for Sale Not Disclosed
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,269 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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