1408/60 Market StreetMelbourne VIC 3000
Property Details for 1408/60 Market St, Melbourne
Last Listing description (June 2011)
Leased to the Oaks Hotel group on a commercial 10 year lease which commenced on 01/09/2006, with 4 further terms of 5 years each returning $18,900.00 pa net approx (as of 01/09 2011).
The tenant paying all outgoings.
Fixed increases every 2 years and regular market reviews ensure that this low maintenance investment will continue to perform for years to come.
Auction Saturday June 4th 12.30 if not sold before
Brett Willis : 0415 858 394
Property History for 1408/60 Market St, Melbourne, VIC 3000
- 11 Jun 2011Sold for $210,000
- 03 May 2011Listed for Sale Contact Agent
- 06 May 2003Sold for $271,500
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 64,268 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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