LOT 108/1142 Mount Alexander Road, Essendon VIC 3040

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. www.punthill.com.au
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.