For Sale 2.03/1142 MT ALEXANDER ROAD, Essendon
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Current 5 Year Lease - A Guaranteed $427 per week for an East facing 1 bedroom

1 Bed | 1 Bath

The Essendon Grand - Punt Hill apartment complex is only for the Savvy Investor.
Safe property investing is on offer with this 2nd floor, East facing, roomy and well presented, 1 bedroom apartment within the very popular Punt Hill Essendon Grand apartment complex.
Apartment, LOT 203 is located on the 2nd floor facing East, morning sun and has a great balcony ideal for entertainment.
Returning $22,208.40 per annum, that is a whopping $427.08 per week, or $1,850.70 per month. You do the numbers, this is an excellent return for a 1 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.
With yearly CPI reviews and then 3 further 5 year options.
Excellent tenant - Punt Hill Serviced Apartments.
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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For Sale

$295,000 - $310,000
  • Contact

    Ryan Pagan

    M 0438 757 358

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