Good, Strong, long term tenant, Punt Hill occupies the entire complex as a serviced hotel and they have been present since April 2009.
The first 5 year lease expired in April 2014 & Punt Hill have exercised their next 5 year option. There are three further 5 year options are also available to the tenant.
The existing Lease has yearly CPI reviews. No vacancy periods, no letting fees and the tenant pays the body corporate fees.
Do your research on your new, strong, long term tenant - Punt Hill Serviced Apartments www.punthill.com.au
The PUNT HILL, Oakleigh apartment complex is only for the Savvy Investor, with a possible 8.2% Return on Investment.
Ideal entry level buying is on offer with this large and beautifully presented 1 bedroom apartment with car space on title.
You do the numbers this is an excellent return for a 1 bedroom apartment.
Quality fit-out including granite benches, stainless steel appliances, heating, cooling, window furnishings and Euro laundry. While the building features concierge security entry, lift access, car parking, gym and outdoor spa.
Superb location walking distance to Chadstone Shopping Centre, Oakleigh Station and parklands
Ideal for your own Superannuation fund, or good long term investment.