313/1142 Mount Alexander Road, Essendon VIC 3040

On offer is a guaranteed return of $386.14 per week for a 1 bedroom, 1 Bathroom at Punt Hill, The Essendon Grand.
Strictly, only for the Investor, is this roomy apartment, with NEW 5 YEAR Lease just agreed to & 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 for a 1 bedroom at this price point; $20,079.48 per annum, $1,673.29 per month or $386.14 per week.

The apartment itself is located on the TOP floor, at the rear of the block of this iconic pub. East Facing with morning sun.

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.