TOO GOOD TO BE TRUE :
NO BODY CORP
NO COUNCIL RATES
NO WATER RATES
NO PROPERTY MANAGMENT FEES
NO LANDLORD INSURANCE
And obtaining potentially a 7.6 % return this luxury apartment located in the premium corner position of the Oaks on Market Street is too good to be true.
This 'set and forget' investment properties within the 4.5 Star Oaks on Market Street, has an incredibly secure lease lasting until 2036 and a fabulous current rental return of approx $30,400 per annum with up to 5% CPI increases most years.
The apartment itself open plan living /dining area ,separate fully equipped granite kitchenette which has sufficient natural light from the floor to ceiling windows.Coming fully furnished with sofas, dining table & matching chairs, coffee table and flat screen TV, well-appointed large bathroom, central heating and cooling, secure building entry, and access to amenities which include a concierge, gym, heated lap pool, sauna, spa, and function room.
There is also a brand new cafe/restaurant on the ground floor,which has just been upgraded.
And add to all this is that you will have the best Melbourne has to offer all at your doorstep, Flinders and Southern Cross Stations around the corner & a just a short walk and you will land in all the best of Melbourne's sporting, Crown Complex and Melbourne’s iconic lane-ways, buzzing bars, fashionable boutiques, top-rated cafés and world-class restaurants, this is location at its ultimate best