7.25% RETURN
Oaks On Market is an immaculate apartment hotel located in the heart of the CBD.
*** THIS IS FOR THE ASTUTE INVESTOR ONLY – CANNOT BE USED FOR OWNER OCCUPATION ***
This large North facing studio apartment of 40 square meters is located on Level 15 and has long views over the city skyline.There is a bright and light generous living area with ample cirulation space around the queen sized bed. The well appointed granite kitchen has quality appliances as well as smart, stylish bathroom.
This is well-maintained building with an elegant lobby with a fully renovated restaurant and bar. There is also a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms.
Leased to the Oaks Group until 31st August 2026 with one further 5 Year option
IMPORTANT INFORMATION:
RENT: $14,040 pa
RENT REVIEW: Annually
RETURN: 7.25% Gross
(6.5% Net)
LEASE: Until 31st August 2026
OPTIONS: One Further Five Year Option
OWNER PAYS:
Owners Corp Maintenance Fund: $1,625 pa
TENANT (Oaks) PAYS
Owners Corporation Administration Fund
Council Rates
Water Rates
Insurance
General Maintenance
Inspection by private appointment.