6.26% RETURN - PRIME INVESTMENT OPPORTUNITY
Situated in the heart of the city, the Oaks on Market is a fabulous apartment hotel comprising superbly appointed, self contained apartments.
The apartment is a large studio of 40 square meters situated on the preferred Northern side on Level 8. With abundant natural light it offers high ceilings, 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 gleaming bathroom with a shower over a bath and ducted reverse cycle air-conditioning.
An immaculately presented building accessed via the 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.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Leased to the Oaks Group until September 2021
Current rent: $17,856 pa ($343 per week)
Return: 6.2%
Options: 4 x 5 year options
Rental Increases: CPI increases in years 3, 4 & 5 of the lease
outgoings
Tenant Pays:
Owners corporation fees
Council rates
Water rates
Insurance
General maintenance
Water usage
Owner Pays:
Sinking Fund $350 per Quarter (Approx)
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.