Sold for $415,000
308/1142 Mt Alexander Road
On offer is a guaranteed return of $560 per week for a 2 bedroom, 2 Bathroom 1 car apartment at Punt Hill, The Essendon Grand.
Strictly, only for the Investor, is this roomy apartment with NEW 5 YEAR Lease just agreed, 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; $29,148 per annum, $2,429 per month or $560.53 per week.
The apartment itself is located on the third floor of this iconic pub of yesteryear and is currently set up as 2 separate apartments, a spacious 1 bedroom apartment with lounge area and separate 1 bedroom studio apartment. Alternatively can be leased as a 2 bedroom, 2 bathroom apartment.
Quality fit-out including granite benches, stainless steel appliances, heating, cooling, window furnishings, Euro laundry and secure basement car space.
Superb location with shops, public transport, pubs and major roads nearby.
NO OWNER OCCUPIERS
Ideal for your own Superannuation fund.
Licensed Estate Agent/Director/Officer in Effective Control
0438 757 358
EA to Ryan Pagan / Sales Consultant
0411 802 827