506/60 Market Street, Melbourne, Vic 3000

For Sale

506/60 Market Street, Melbourne, Vic 3000-Image

506/60 Market Street, Melbourne, Vic 3000

$225,000

Apartment

Type

Bedrooms

Bathrooms

Published on Thursday, July 16, 2026 ( See property details for 506/60 Market Street, Melbourne, Vic 3000)

$225,000

View the agent price guide.

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A spacious, well-appointed one-bedroom apartment in Melbourne's vibrant CBD, offering secure long-term lease income and future capital growth potential.

🏡 Property Highlights

Guaranteed 7% net rental yield with CPI rent increases
Long-term lease to Oaks on Market Hotel until August 2031
Incredible value below replacement cost, offering strong capital growth potential
Spacious apartment with versatile entry hall suitable for home office and storage
Oversized bathroom with disability access shower
Prime location overlooking Market Street in Melbourne

✨ Key Features

Built-in Robe
Open-Plan Living
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Floorboards
Internal Laundry
Ceiling Fans

Suburb and Property Insights of Melbourne, VIC 3000

Melbourne's CBD offers unparalleled access to world-class dining, shopping, and entertainment. The area boasts excellent public transport links, vibrant cultural scenes, and a strong rental market. Its central location ensures high walkability and convenience for residents and tenants alike. With ongoing development and infrastructure upgrades, the neighbourhood continues to grow in appeal. This makes it an ideal location for property investors seeking stable income and capital appreciation.

Frequently Asked Questions

What are the benefits of leasing this apartment to Oaks on Market Hotel?

Leasing to Oaks provides a guaranteed rental income of approximately $16,604 per annum, with CPI rent increases, ensuring reliable cash flow and minimal management responsibilities for the investor.

Can I move into the apartment after the lease expires in 2031?

Yes, after the lease term ends in 2031, you have the option to move in, lease it privately, or negotiate a renewal with Oaks for another term, providing flexibility for future plans.

Are there any additional costs associated with owning this property?

Owners are responsible for council rates, water rates, and owner corporation fees, with a temporary sinking fund levy of $732 per annum until 2028. The lease agreement covers some costs, such as water and council rates.

What makes this apartment a good investment opportunity?

The property offers a high net rental yield of close to 7%, CPI rent increases, a long-term lease security, and potential for capital growth in Melbourne's CBD market.

Is the apartment suitable for future renovation or expansion?

The apartment features a spacious layout with a wide entry hall and disability access shower, but any renovations should be checked against building regulations and strata approval.

What to ask about this property to agent?

Are there any upcoming changes or developments in the neighbourhood that could affect the property's value or rental demand? What are the specific terms of the lease agreement with Oaks, including renewal options and rent review procedures? Are there any restrictions or covenants on the property that could limit future modifications or use? What is the condition of the building's structure and common areas, and are there any planned maintenance or upgrade works? Could there be any hidden costs or fees not disclosed in the current owners corporation or lease agreements? Is the property located in a flood or bushfire-prone area, and what are the associated risks? Are there any zoning restrictions or easements affecting the property’s future development potential? What is the history of the building regarding repairs, defects, or disputes? Are there any planned infrastructure projects or construction nearby that could impact the property? What are the terms and conditions regarding the lease transfer or termination if I decide to sell or end the lease early?

506/60 Market Street, Melbourne, Vic 3000 - More Details

$225,000

Type: Apartment
Bedrooms: 1
Bathrooms: 1
House Size: 49 m²

Price guide

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506/60 Market Street, Melbourne, Vic 3000 - Point Of Interest

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506/60 Market Street, Melbourne, Vic 3000

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