Sold for $261,000
910/60 Market Street
What a great investment opportunity, fully furnished CBD Apartment situated within the busy and vibrant 4.5 Star Oaks on Market Building.
This is a secure investment with a long term lease till 2036.
-NO Body Corp
-NO Property Manager
-NO Furnishing Required
-NO Rates
-100% Occupancy
- Rental Increases: 5% increases every 2nd year of the lease
With a rental of $18,480 a year which is more than a 7.1% return this serviced apartment is perfectly suited to buyers looking for a high regular return or to add to their SMSF.
Surrounded by a plethora of pulsating city attractions, and positioned in a quiet Market Street pocket, this fully-serviced studio apartment within the 4.5-star Oaks on Market hotel complex represents a brilliant investment opportunity with an outstanding $18,480 a year with a Rental Increases: Upto 5% increases every 2nd year of the lease. This investment opportunity is optimized by 100% occupancy so there's no late rents, no owners corp fees, no rates and the hotel is responsible for any damage. Basically this is a set and forgets investment property with a guaranteed income stream for years to come.
Do not hesitate to call me for more information or to arrange a private inspection.
Property ID
992247
Property Type
Apartment
Status
Sold
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