Sold for $275,000
103/1142 Mount Alexander Road
IMPORTANT: Inspections are now permitted by private appointment. Any times listed are a guide for availability and buyers are required to register to attend in advance by completing the enquiry form below.
On offer is a guaranteed return of $386.14 per week for a 1 bedroom, 1 Bathroom at Punt Hill, The Essendon Grand.
Strictly, only for the Investor, is this roomy apartment, with NEW 5 YEAR Lease just agreed to & commencing on the 20th February 2021.
Existing tenant, PUNT HILL has been in occupation for the past 15 years & with another Two (2) further 5 year options.
No vacancy periods, no letting fees and no advertising for any new tenant.
The numbers are big for a 1 bedroom at this price point; $20,079.48 per annum, $1,673.29 per month or $386.14 per week.
The apartment itself is located on the first floor of this iconic pub, located at the rear of the complex facing East.
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 OWNER OCCUPIERS
Ideal for your own Superannuation fund.
Property ID
1816222
Property Type
Apartment
Status
Sold
Ryan Pagan
Licensed Estate Agent/Director/Officer in Effective Control
rpagan@paganrealestate.com.au
0438 757 358
Thomas Maher
Junior Sales Assistant
tom@paganrealestate.com.au
0435 575 768