2110/60 Market StreetMelbourne VIC 3000
Property Details for 2110/60 Market St, Melbourne
2110/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Unit 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 April 2024.
Last Listing description (October 2017)
Situated in the heart of the city, the Oaks on Market is a fabulous apartment hotel comprising superbly appointed, self contained apartments.
On offer here for the astute investor is a large studio apartment of 40 square meters situated on Level 21 on the Northern side of the development. Brilliantly bright the apartment offers high ceilings, 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 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.
Leased to the Oaks Group until September 2021
Current rent: $20,576 pa ($395 per week)
Return: 6.24 %
Options: 4 x 5 year options
Rental Increases: CPI increases in years 3, 4 & 5 of the lease
Tenant Pays:
Owners corporation fees
Council rates
Water rates
Insurance
General maintenance
Water usage
Owner Pays:
Sinking Fund $350 per Quarter (Approx)
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 2110/60 Market St, Melbourne, VIC 3000
- 02 Apr 2024Sold for $245,000
- 25 Aug 2017Listed for Sale $330,000
- 05 Jun 2017Sold for $320,000
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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