Sold 311/1142 Mt Alexander Road, Essendon
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Current 5 Year Lease - A Guaranteed $475 per week for a North facing 1 bedroom with car cark

1 Bed | 1 Bath | 1 Car

The Essendon Grand - Punt Hill apartment complex is only for the Savvy Investor.
Safe property investing is on offer with this 3rd floor, North facing, roomy and well presented, 1 bedroom apartment within the very popular Punt Hill Essendon Grand apartment complex.
Apartment, LOT 311 is located on the 3rd floor facing North and has a great balcony ideal for entertainment and comes with a secure basement car space on title.
Returning $24,716.16 per annum, that is a whopping $475.31 per week, or $2,059 per month. You do the numbers, this is an excellent return for a 1 bedroom apartment.
Punt Hill serviced apartments have been a good long term tenant and have been present for the past 11 years. Existing 5 year Lease commenced on the 20th February 2016.
With yearly CPI reviews and then 3 further 5 year options.
Excellent tenant - Punt Hill Serviced Apartments. www.punthill.com.au
Quality fit-out including granite benches, stainless steel appliances, heating, cooling, window furnishings and Euro laundry.
Superb location with shops, public transport, pubs and major roads nearby.
No vacancy periods & no letting fees.
Ideal for your own Superannuation fund

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Sold

Sold for $335,000
  • Contact

    Ryan Pagan

    M 0438 757 358

  • Contact

    Eleanor Currie

    M 0411 802 827
    P 03 9375 3377