304/60 Market StreetMelbourne VIC 3000
Property Details for 304/60 Market St, Melbourne
304/60 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 July 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (September 2025)
This turnkey investment property, located within the prestigious 4.5-star Oaks on Market Street, offers a secure lease in place and delivers an impressive current rental return of approximately $1,061 per month. Boasting a consistently high occupancy rate, this opportunity is further enhanced by a range of investor-friendly benefits: no late rental payments, no Owners Corporation fees, no council rates, no agent fees, and all maintenance or damage covered by the hotel.
Tenant pays for owner corp admin, council rates. water rates, insurance and general maintenance.
Owner pays maintenance levy of approx. $426 per quarter approx.
Property features a well kept studio with seperate bathroom, built in robes and kitchenette area. Being managed by a hotel wear and tear is minimal as it is always thoroughly cleaned in between guests. The building also features pool, gym, concierge and ground floor lounge.
Lease term until 2026 with 1 further 5 year option.
Conveniently situated near Flinders Street and Southern Cross Stations, and just moments from Melbournes CBD, this is a low-maintenance investment in a prime location.
Property History for 304/60 Market St, Melbourne, VIC 3000
- 21 Jul 2025Sold for $172,000
- 02 Jun 2025Listed for Sale UNDER CONTRACT
- 09 Apr 2014Sold for $188,000
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 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:
- The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
- Houses have a median rent of $635 while Units have a median rent of $660.
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