*** THIS IS FOR AN ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION ***

Oaks Melbourne on Market Hotel is situated in the heart of Melbourne, conveniently located within walking distance of all the action. This spacious 62sqms two-bedroom apartment offers inclusive Wi-Fi and TV with streaming capabilities and all your hotel favourites, including a communal laundry facility, onsite indoor heated pool, gymnasium, and restaurants.

Boasting lofty ceilings, this well-thought-out floor plan features a generous open living and dining area that seamlessly merges with an integrated granite bench-top kitchen with premium appliances. Completing the picture is the pristine bathroom featuring a shower and ducted reverse-cycle air-conditioning.

Your investment is protected by its superb location, steady returns and a reputable tenant in Oaks apartment.
Currently leased to the Oaks Group until August 31, 2031, this property promises steady returns for the discerning investor.

IMPORTANT INFORMATION:

RENT: $21,060 pa
Annual rent increase based on market review

RETURN: 7% Gross

LEASED: Until 31st August 2031

OWNER PAYS:
$2400 per year Maintenance Fund

TENANT (OAKS) PAYS:
Owners Corporation Admin Fund
Council Rates
Water Rates
Insurance
General maintenance

All information including the internal and external property area (floor size, address, and general property description) on the website has been provided to Lucas Real Estate by third parties.
Information contained on the website should not be relied upon and homebuyers are encouraged to undertake due diligence before a property purchase.

Please contact Mia Chen on 0413 096 455 or Lynn Lum on 0474 044 293 to discuss this property further.