805/60 Market StreetMelbourne VIC 3000
Property Details for 805/60 Market St, Melbourne
805/60 Market St, Melbourne is a 2 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 August 2025. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (October 2025)
SUCCESSFULLY SOLD OFF MARKET
If you're looking for a smart, set-and-forget investment with a strong yield and a blue-chip location, look no further. This spacious two-bedroom, one-bathroom apartment offers a rare combination of high return and low maintenance at a price that simply makes sense.
Where else in Melbourne's CBD can you secure a fully managed, furnished 2-bedroom apartment with a lease in place, amenities onsite, and a gross return of approx. 7%-all for a price that's well below what owner-occupiers or standard apartments are asking?
Why Investors Are Jumping On This:
- Approx. Annual Rent: $22,620 (September Onwards)
- Long secure lease in place
- Tenant (Oaks Hotel) Pays: Council Rates, Water Rates, Owners Corp Admin
Fund, Building Insurance
- You Pay: Maintenance Fund
- Hands-Off Investment: No vacancy risk, no chasing tenants. Oaks handles it all
- Solid Yield: Approx. 7% gross return in the heart of the city
The Apartment:
- Approx. 62sqm with open-plan living
- High ceilings, full kitchen with granite benchtops and premium appliances
- Ducted heating/cooling
- Access to hotel facilities including lap pool, gym, sauna, and dining
The Location:
Unbeatable convenience. Just a short walk to Collins Street, Bourke Street Mall, Flinders Street Station, Crown, and everything else the CBD has to offer.
This is not your typical apartment. It is a fully leased, professionally managed hotel investment backed by a reputable operator. Designed for investors who want to maximise returns without lifting a finger.
In today's market, where the cost of entry for 2-bedroom CBD apartments is soaring, this is one of the best value propositions you will find.
Contact Benjamin Cheah or Alexander George today to lock in an inspection or request an information pack.
"Any reference herein to an internal or external floor size or m2 area & information 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."
Property History for 805/60 Market St, Melbourne, VIC 3000
- 21 Aug 2025Sold for $301,000
- 28 Jul 2025Listed for Sale $295,000 to $315,000
- 21 May 2009Sold for $330,030
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 64,285 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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