NEW 5 Year Lease - A Guaranteed $386.14per week

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.