605/60 Market Street
Melbourne, VIC 3000

This spacious two-bedroom apartment, approximately 62 square meters in size, is situated on the 6th floor of the well-established Oaks Melbourne on Market building, offering a rare opportunity for investors seeking a high-performing, low-maintenance property in the heart of Melbourne's Central Business District.

The apartment features a bright open-plan living and dining area enhanced by high ceilings, creating an airy and welcoming atmosphere. The modern kitchen is equipped with granite benchtops and quality appliances, providing a functional and stylish space for meal preparation. Comfort is ensured throughout the apartment with ducted reverse-cycle air conditioning.

Residents benefit from access to premium hotel-style amenities, including an indoor heated swimming pool, a fully equipped gym, and on-site dining options. These facilities contribute to strong tenant demand and support long-term occupancy, making this an attractive investment.

Investment details include an approximate annual income of $22,500, with outgoings paid by the owner estimated at around $2,000 per annum. The property is securely leased to the Oaks Group until August 2031, with further lease options available. The tenant covers outgoings such as the Owners Corporation administration fund, council rates, water rates, and insurance.

Key advantages of this investment include a strong and consistent rental return estimated at around 7% yield, a long-term lease to an established operator, and minimal ongoing management requirements. The apartment's rare two-bedroom configuration within a hotel investment is ideal for self-managed super funds or investors focused on income generation.

Overall, this property represents a secure and attractive investment opportunity in a prime CBD location, combining quality accommodation, excellent amenities, and a reliable income stream.