Positioned in a peaceful pocket with all the allures of surrounding CBD bars, restaurants, cafes, and shopping, this brilliant studio apartment on the 13th floor of the 4.5 star ‘Oaks on Market’ is a fantastic investment prospect that is incredibly low-maintenance.
Perfect for first time investors looking for a low risk entry into the market, or for seasoned veterans with a self-managed super fund who just want a ‘set and forget’ property to add to their portfolio, this enticing apartment offers an appealing net rental return of $19948.32 per year with an attractive yield of 7.4% net. This property also has a secure lease until 2036.
The apartment itself is bathed in natural light and enjoys amazing views out to Southbank and the Yarra River. It comes fully-furnished and complete with a comfortable living and sleeping zone with Hisense flat screen TV and built-in robes, granite kitchen with tiled splashback and Fisher and Paykel induction cooktop and refrigerator, stylish bathroom with combined shower and bath, ducted heating and cooling, and access to building amenities which include a lobby with concierge, restaurant/bar, gymnasium, heated lap pool, sauna, spa, and three function rooms.
The location defines convenience just a short walk to Southbank Promenade, Freshwater Place, award-winning restaurants and entertainment of Crown Casino, great shopping at Bourke Street Mall and Melbourne’s GPO, Rialto Tower, trams, Flinders Street Station, and Southern Cross Station.