705/60 Market StreetMelbourne VIC 3000
Property Details for 705/60 Market St, Melbourne
Last Listing description (June 2025)
** EXCLUSIVE FOR INVESTORS ONLY - NOT FOR OWNER OCCUPANCY **
Opportunities like this don't come around often! A spacious, 62sqm, two-bedroom apartment situated on the 7th floor of the Oaks Melbourne on Market Hotel, offering a high-yield return of approx 7%-a rare find in today's market.
Designed for comfortable living, this modern apartment boasts a bright open-plan layout with soaring ceilings, a sleek kitchen equipped with granite benchtops and premium appliances, and ducted reverse-cycle air conditioning. Residents enjoy access to top-notch amenities including an indoor heated pool, fully-equipped gym, and onsite dining options.
What truly sets this property apart is its solid investment appeal. Leased to the reputable Oaks Group until 2031 and an option of further lease terms, this investment provides peace of mind with a long-term tenant already in place. Plus, the tenant covers essential outgoings like council rates, insurance, and general maintenance, making this a low-maintenance, high-reward opportunity.
Why This Property is a Must for Your Portfolio:
Income Security: A rare 2-bedroom apartment in Melbourne's CBD, delivering strong, predictable returns.
Ideal for Retirement Planning: Whether you're looking to grow your wealth or establish a reliable income stream for your superannuation, this property is a perfect fit for long-term financial stability.
Investment Highlights:
Approx Annual Rent: $21,840
First Term Lease Expires : August 2031
Tenant (Oaks) Covers: Owners Corporation Admin Fund, Council Rates, Water Rates, Insurance
Owner pays maintenance fund
This is a rare gem that won't last long-seize the chance to invest in a secure, high-yield property in the heart of Melbourne!
"Any reference herein to an internal or external floor size or m2 area has been provided to Barry Plant Docklands/Yarra's Edge by a third party. We strongly urge all interested parties to undertake their due diligence before making any property purchase."
For more information or to arrange an inspection, please contact Benjamin Cheah or Alexander George.
Property History for 705/60 Market St, Melbourne, VIC 3000
- 12 Feb 2025Sold for $297,000
- 29 Oct 2024Listed for Sale $280,000 to $308,000
- 20 Feb 2009Sold for $327,420
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 64,279 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:
- The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
- Houses have a median rent of $640 while Units have a median rent of $670.
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