1807/60 Market St, Melbourne Vic 3000
Stable and reliable investment property
This Stable and reliable investment property is ideal for investors looking for an affordable property with an exceptional return on investment. With a safe and secure lease to a tenant that has occupied the property for almost 20 years, this set and forget investment is a rarity in todays market.
With a robust return of $23,283.24 per year or $447.75 per week this property has a brilliant 8.7% return on investment. Currently within a secure lease you do not need to pay Owners corporation admin fees, council or water rates. Lease terms are 4 x 5 years ending 2036.
The apartment itself is immaculate and comes fully furnished with queen sized bed, desk, lounge and appliances. The studio style unit has fully feature kitchen with cooktop, oven and fridge.
Extra features include large size bathroom, air-conditioning, built in wardrobes and spectacular views towards Yarra River and Port Philip Bay. Facilities located in 60 Market Street are pool, gym, restaurant and bar, along with other facilities you would expect to find in a high end building.