Essendon

A UNIQUE Opportunity at Punt Hill - $638per week return

Only for the Savvy Investor is this unique opportunity to purchase with the Essendon Grand Punt Hill Serviced apartment complex.
On offer is the opportunity to purchase Lot G04 on the existing Plan of Subdivision which is currently being used as the complex Gym & Conference room. Plus 3 car parks, lots 18, 19 & 20, located in the secure basement carparks.
This lot is nearly twice the size of any other apartment within the complex (130sqm approx.)
This space could be one day developed into 2 separate units or a large commercial office (or 2 offices) if the existing tenant, PUNT HILL ever vacated. (subject to council approval)
Currently returning $33,214.08 per annum ,$2767.84 per month, or a whopping $638.73per week.
In a superb location with shops, public transport, pubs and major roads nearby.
Good long stable tenant who has been in the property for over 16 years & has a current lease until 2026.
The existing lease comes with yearly CPI reviews and an extra 2 x 5 year options.
There are NO vacancy periods, no letting fees and the tenant pays the body corporate.
Strong Tenant being Punt Hill Serviced Apartments www.punthill.com.au
This property will not stick around.
Ideal for your own Superannuation fund.