1913/60 Market StreetMelbourne VIC 3000
Property Details for 1913/60 Market St, Melbourne
1913/60 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 and floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (March 2024)
Situated in the heart of the city, the Oaks On Market is a fabulous apartment hotel comprising superbly appointed, self-contained investment apartments.
On offer here for the savvy investor is a large studio apartment of 40 square meters situated on the Northern side of the block and on Level 19. This apartment offers high ceilings, commanding views, functional floor plan offering a smart central living area in addition to an integrated granite kitchen with quality appliances and space for a queen-sized bed and built in robes. Also included is a sparkling bathroom with a shower over bath and ducted reverse cycle air-conditioning.
This well-maintained building provides intercom entry to an elegant lobby with a reception area and restaurant/bar. It also has lift access, a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms.
Leased to the Oaks Group until 31st August 2026 with one further 5 Year option
THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
IMPORTANT INFORMATION:
RENT: $15,339.96 pa
INCREASE: Annual CPI (Capped at 5%) each September between Market Reviews
RETURN: 7.1% Gross
(6.5% Nett)
LEASE: Until 31st August 2026
OPTIONS: One Further Five Year Option
TENANT (OAKS) PAYS:
Owners Corporation Admin
Council Rates
Water Rates
Insurance
General maintenance
OWNER PAYS:
Maintenance Fund Fee: $1,364 pa
inspection can be arranged by private appointment.
For further details please contact:
Martin Russell of Kingsford Property - 0417 005 302
martin@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 1913/60 Market St, Melbourne, VIC 3000
- 08 Aug 2023Sold for $213,000
- 23 Jun 2023Listed for Sale Not Disclosed
- 23 Sep 2016Sold for $295,000
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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 64,265 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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