8.25% Return "Oaks on Market"

1 bedroom
1 bathroom
Sold $170,000

$13,944 pa Return, Best offer over $169,000, secure hotel tenant till 2016 with 4 x 5 year options.

Investors take note, just in time for the end of financial year this stunning opportunity represents the best return offered in this building bar none.

Located in a prime city locale just off Collins Street, with trains, trams and buses and Melbourne's cafe culture at the doorstep.

Securely leased with 5 further 5 year lease options and achieving a return $13,994 raising to $14,642 in 2016 and outgoings paid by the tenant.

This property forms part of the Oaks on Market Hotels, a 25-storey building completed in approximately 2006 with a conference room on the first floor and pool and gymnasium facilities provided for guests.

Due to hotel booking Inspections strictly at appointed time please contact James Edmundson on 0411 456 770 to discuss

Photos are from similar apartment in the building provided for indicative purposes only

Please note enquiries without phone numbers will not be responded to.

Harcourts City Residential, your preferred Estate Agents, specialise in apartment sales & leasing, for in-depth information on Melbourne apartments and further information on the property you are viewing visit:
Information on outgoings http://cityresidential.harcourts.com.au/Home/Buy/Outgoing-Summaries/26684
our blog http://harcourtscityresidential.wordpress.com/
website www.cityresidential.harcourts.com.au


Amenities

Docklands Primary School
Primary School
K-6
University High School
Secondary School
7-12
Based on our available information, this property falls within the listed government school intake zones. Source: School intake zones for NSW government schools
Melbourne Grammar School
Combined
K-12
Galilee Regional Catholic Primary School
Primary
K-6
Sacred Heart School
Primary
K-6
St Joseph's School
Primary
K-6
Ozford College
Secondary
7-12
Simonds Catholic College
Secondary
7-12
Academy of Mary Immaculate
Secondary
7-12
Youth2Industry College
Secondary
7-12
Hester Hornbrook Academy
Special
Special
River Nile School
Special
Special
St Joseph's Flexible Learning Centre
Special
Special
Only non-government schools within a 3km radius of this property are listed. Source: Acara Australian Schools List
Regional Trainses
621
NSW Trainlink Train
621
622
NSW Trainlink Train
622
623
NSW Trainlink Train
623
624
NSW Trainlink Train
624
Selected routes with a boarding point within approximately 1km of this property are listed. Source: TfNSW Timetables

Location Map

Agents

Property Features

  • Property Type: Apartment

This property was sold by

Dionne Wilson
Director
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