The Essendon Grand Punt Hill apartment complex is only for the Savvy Investor.
Ideal entry level buying is on offer with this large and beautifully presented, Mount Alexander Road facing, 1 bedroom apartment in the popular Punt Hill Essendon apartment complex. Secure Basement car park on title.
Located on the 2nd floor and returning $24,889.80 per annum, this is a whopping $478.65 per week, or $20,74.15 per month. You do the numbers this is an excellent return for a 1 bedroom apartment.
A 7.32% return on investment at $340,000.
Punt Hill, a good long term tenant who completed their first 10 year lease and are now 2 years into their first 5 year option which 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, No marketing costs & No cleaning costs. JUST INCOME.
Ideal for your own Superannuation fund.
Sale by Negotiation $310,000 to $340,000