By Negotiation 113/1142 Mt Alexander Road, Essendon
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Current 5 Year Lease - A Guaranteed $599 per week for a 2 Bedroom with car cark

2 Bed | 2 Bath | 1 Car

The Essendon Grand - Punt Hill apartment complex is only for the Savvy Investor.
Safe property investing is on offer with this very unique, 1st floor, 2 bedroom, 2 bathroom apartment with a secure basement carpark on title. Currently being occupied by Punt Hill Serviced apartments as 2 separate apartments, a spacious 1 bedroom apartment with lounge & a roomy studio apartment (alternatively a 2 bed, 2 bath apartment when necessary)

Returning $31,163.64 per annum, that is a whopping $599.30 per week, or $2,596 per month. You do the numbers, this is an excellent return for a 2 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, expiring on the 19th February 2021.
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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By Negotiation

$445,000-$475,000
  • Contact

    Ryan Pagan

    M 0438 757 358

  • Contact

    Eleanor Currie

    M 0411 802 827
    P 03 9375 3377