Melbourne 804/60 Market Street

A straightforward investment opportunity within Oaks Melbourne on Market, positioned in the heart of Melbourne's CBD.

This approx. 37m² serviced hotel apartment is securely leased to the hotel operator, providing consistent rental income without the day-to-day management associated with a conventional residential investment.

Investment Highlights
Annual Rental Income: $16,119.96 p.a.Monthly Rental Income: $1,343.33Current Lease: Secured until 31 August 2031Apartment Size: Approx. 37m²Serviced Hotel Apartment within Oaks Melbourne on MarketApprox. Net Rental Yield: 7.3% – 8.1%* Rental increases provided for under the leaseEstablished hotel operator providing ongoing managementPrime Melbourne CBD position on Market StreetMoments from Collins Street, Flinders Street, Southbank and the Yarra RiverAccess to hotel facilities including an indoor heated pool, spa, sauna, gym, restaurant and 24-hour reception
Outgoings & Operator Responsibilities

Under the current lease, the hotel operator is responsible for applicable recoverable outgoings, including ordinary Owners Corporation contributions, Council Rates and Water Rates.

Current property outgoings are approximately:
Owners Corporation: $5,097.85 p.a.Council Rates: $932.58 p.a.Water Rates: $1,220.66 p.a.Total Property Outgoings: $7,251.09 p.a.
These expenses are charged against the property; however, applicable non-capital outgoings are recoverable from the hotel operator under the terms of the lease.
Special Levy

Lift and cladding replacement special levy currently applies6 remaining instalments of $117.55Total remaining disclosed levy: $705.30
An attractive opportunity for investors seeking consistent income, professional hotel management and a central Melbourne CBD location.

Rental yields are approximate only and calculated using the current rental income and identified owner-paid/non-recoverable costs at the nominated purchase-price range. Purchasers should make their own enquiries regarding the lease, recoverable outgoings, special levies, taxation and other ownership costs.*
Harcourts Melbourne City, Estate Agents, specialising in sales & leasing of Warehouse, Heritage, Unique – WHU properties in Melbourne’s inner city. For information on inner city property for sale or rent or for expert real estate advice visit: melbourneharcourts.com.au or phone us on 03 9664 8100 Whilst every care is taken to ensure accuracy of the sizes, plans & information contained herein no guarantees or warranties are given. Clients are required to make their own investigations, carefully check the formal legal documentation & seek independent professional legal advice.