LOT 113/1142 Mount Alexander Road, Essendon VIC 3040

LOT 113/1142 MOUNT ALEXANDER ROAD, ESSENDON
RENT Just Increased this month to $624 per week. A Possible 7.65% RETURN. Only for the Investor is this PUNT HILL Essendon Grand Apartment.
Safe property investing is on offer with this very unique, 1st floor, 2 bedroom, 2 bathroom apartment with a secure basement carpark on title. Currently being occupied by Punt Hill Serviced apartments as 2 separate apartments, a spacious 1 bedroom apartment with lounge & a roomy studio apartment (alternatively a 2 bed, 2 bath apartment when necessary)
Returning $32,496.36 per annum, that is a whopping $624.93 per week, or $2,708.03 per month. You do the numbers, this is an excellent return for a 2 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, expiring on the 19th February 2021.
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.