Only for the Investor is this large 2 bed, 2 bathroom apartment situated on the 3rd floor of The Essendon Grand Apartment complex.
Returning a guaranteed $27,296 per annum, a whopping $525pw.
Fittings include granite benches, Stainless Steel appliances, heating, cooling, window furnishings, Euro laundry and secure car space.
Great location with shops, public transport, pubs and major road arterials nearby.
Current 10 year lease with yearly CPI reviews and 3 x 5 year options.
Strong Tenant being Punt Hill Serviced Apartments www.punthill.com.au
No vacancy periods, no letting fees and the tenant pays the body corporate. How good is that!!
A Purchase price of $435,000 represents a 6.27% Return.
Now this is a safe bet at this price.