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Overview
Located in the prestigious Oaks Melbourne on Market, this 19th floor apartment offers a compelling investment opportunity in the heart of Melbourne's CBD. The unit spans approximately 37 square metres and boasts an open-plan design that maximizes natural light and space through high ceilings. A modern kitchen crafted with granite benchtops and premium appliances enhances daily living and supports efficient meal preparation.
Ducted reverse-cycle air conditioning provides year-round climate control, ensuring comfort regardless of the season. Residents benefit from access to high-end hotel-style amenities such as an indoor heated swimming pool, a fully equipped gymnasium, and on-site dining options, all of which elevate lifestyle convenience and tenant appeal.
This apartment is ideally suited for investors seeking steady income, as it is currently leased to the Oaks Group until August 2031 with lease options extending beyond that term. With an approximate annual rental income of $19,000, increasing to $19,500 from September 2026, and modest owner outgoings estimated at $1,500 annually, it represents a low-maintenance asset with strong returns.
Strategically positioned close to tram routes, this property offers seamless access to Melbourne’s bustling cafes, shops, and entertainment spots, including Crown Entertainment Complex, Southbank eateries, Rialto Towers, Docklands precinct, and Southern Cross Station, making it attractive to tenants and visitors alike.
Local Market Insights
In Melbourne, Quiet Listings observed 140 new apartments entering the market over the last 30 days, down from 146 during the previous 30-day period, with an average advertised asking price of $614,279. The property type mix of listed properties is predominantly Apartments at 93%, followed by commercial properties (4%), and land (2%). Melcorp Real Estate was the most active agency in this area, representing 31.3% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Melbourne VIC 3000
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 37 m² |
Market Insights for Melbourne VIC 3000
Other properties in this postcode
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