Incredible Investment Opportunity!

1 bedroom
1 bathroom
Sold $282,500

Be quick to snap up this superb investment opportunity!
With Owners Corp Fees and Rates paid by the hotel this hassle free investment won't last long!
The apartment is currently achieving a very healthy NET return of $20,595 per annum ($1,716.25 pcm) and has a scheduled increase of approx. 5.75% for this September.
The apartment is on a long lease to a secure tenant and is situated in the heart of Melbourne CBD. Apartment 1504 is in immaculate condition and has stunning river views. The Oaks on Market offer quality appointed rooms, beautiful amenities, superb management and are only minutes' walk to the Yarra River, Bourke Street shopping centers and Melbourne's most popular restaurants and theaters. No wonder the Oaks is such a popular place to stay! All of these features only add to the appeal for a savvy investor.
Do not hesitate to call me for more information or to arrange a private inspection.
Please note: This property is a serviced apartment it can't be owner occupied and so is suitable for investors only (not for first home buyers). By private inspection only.

Please note: *** INVESTMENT ONLY, NOT AVAILABLE TO OCCUPY***

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: cityresidential.harcourts.com.au/Home/Buy/Outgoing-Summaries
our blog: harcourtscityresidential.wordpress.com
website: cityresidential.harcourts.com.au


Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it. Harcourts City Residential suggests that all buyers read the due diligence checklist available on our website:
cityresidential.harcourts.com.au/Home/Buy/Due-diligence-checklist


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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

  • Intercom
  • Highrise
  • Unit style: Hotel / strata
  • Property Type: Apartment
  • Property condition: Excellent

This property was sold by

Dionne Wilson
Director
Dionne Wilson
Director
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