1903/60 Market StreetMelbourne VIC 3000
Property Details for 1903/60 Market St, Melbourne
1903/60 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 September 2010.
Last Listing description (November 2025)
THIS IS FOR INVESTMENT PURPOSES ONLY, NOT FOR OWNER-OCCUPY.
Located close to Flinders Street Station and the Yarra River is the Oaks on Market - an exceptional apartment hotel in a prime location.
This property is a fantastic opportunity for astute investors with its returns of approximately 7.5%, views of the Yarra River, high ceilings, and premium furnishings and appliances. In addition to this fantastic package is a chic bathroom comprising a shower over bath, as well as ducted reverse cycle air-conditioning.
The opulent lobby includes a fully renovated restaurant and bar, whilst the amenities include a heated lap pool, sauna, spa, fully equipped gymnasium, and three versatile function rooms.
Currently leased to the Oaks Group until September 2026, with an additional five-year option, this property promises steady returns for the astute investor.
RENT: $17,679.96 pa
RENT INCREASE: Annual CPI (Capped at 5%) each September between Market Reviews
NET RETURN: approx. 6.8%
TENANT (OAKS) PAYS:
Owners Corporation Admin Fund
Council Rates
Water Rates
Insurance
General maintenance
OWNER PAYS:
Owners corporation maintenance fund and special levies: $1,336 pa
Inspections can be arranged by private appointment.
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 1903/60 Market St, Melbourne, VIC 3000
- 16 Jun 2025Listed for Sale $220,000 - $240,000
- 30 Jan 2012Listed for Sale $295,000
- 21 Sep 2010Sold for $264,060
Recent sales nearby
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0About 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 64,264 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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