2002/60 Market StreetMelbourne VIC 3000
Property Details for 2002/60 Market St, Melbourne
2002/60 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 34m2. While the property is not currently for sale or for rent, it was last sold in December 2017.
Last Listing description (May 2018)
Situated in the heart of the city, the Oaks On Market is a fabulous apartment hotel comprising superbly appointed, self contained apartments.
Only recently refurbished, this large studio investment apartment of 37 square meters is situated on level twenty with a South Easterly aspect offering stunning views toward Southbank.
Featuring high ceilings and a functional floor plan offering a smart central living area, integrated granite kitchen with quality appliances, space for a queen sized bed and built in robes. Also included is a sparkling bathroom with a shower over a 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.
NB: This property is not for owner occupation and is only for the astute investor.
Lease summary
Term: to September 2021
Options: 4 x 5 year options
Return: 6.5 %
Rent: $22,888 pa ($440 per week)
Rental reviews: CPI increases in years 3, 4 & 5 of the lease
Annual outgoings:
Owner:
Sinking fund $250 per quarter (Approx)
Tenant (Oaks Group):
Owners corporation fees
Council rates
Water rates
Insurance
General maintenance
Water usage
For further details please contact Nick Walters of Kingsford Property - Melbourne's Serviced Apartment Specialists.
M: 0438 557 885
P: (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 2002/60 Market St, Melbourne, VIC 3000
- 18 Dec 2017Sold for $330,000
- 20 Nov 2017Listed for Sale $354,000
- 01 Dec 2003Sold for $298,900
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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