LEVEL 19 VIEWS - 7.1% RETURN - PRIME ENTRY LEVEL INVESTMENT...
Situated in the heart of the city, the Oaks On Market is a fabulous apartment hotel comprising superbly appointed, self-contained investment apartments.
On offer here for the savvy investor is a large studio apartment of 40 square meters situated on the Northern side of the block and on Level 19. This apartment offers high ceilings, commanding views, functional floor plan offering a smart central living area in addition to an integrated granite kitchen with quality appliances and space for a queen-sized bed and built in robes. Also included is a sparkling bathroom with a shower over bath and ducted reverse cycle air-conditioning.
This well-maintained building provides intercom entry to an elegant lobby with a reception area and restaurant/bar. It also has lift access, 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
THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
IMPORTANT INFORMATION:
RENT: $15,339.96 pa
INCREASE: Annual CPI (Capped at 5%) each September between Market Reviews
RETURN: 7.1% Gross
(6.5% Nett)
LEASE: Until 31st August 2026
OPTIONS: One Further Five Year Option
TENANT (OAKS) PAYS:
Owners Corporation Admin
Council Rates
Water Rates
Insurance
General maintenance
OWNER PAYS:
Maintenance Fund Fee: $1,364 pa
inspection can be arranged by private appointment.
For further details please contact:
Martin Russell of Kingsford Property – 0417 005 302
[email protected]
Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.