Sold LOT 108/1142 Mount Alexander Road, Essendon
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Current 5 Year Lease - A Guaranteed $482 per week for an extra large 1 bedroom with car cark

1 Bed | 1 Bath | 1 Car

The Essendon Grand Punt Hill apartment complex is only for the Savvy Investor.
Safe property investing is on offer with this extra large and beautifully presented, 1 bedroom apartment in the popular Punt Hill Essendon apartment complex.
Apartment 108 is located on the 1st floor facing Mount Alexander Road, has a full length balcony and comes with a secure basement car space on title.
Returning $25,074 per annum, that is a whopping $482.89 per week, or $2,089 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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Sold for $350,000
  • Contact

    Ryan Pagan

    M 0438 757 358