Only for the Savvy Investor is this unique opportunity to purchase within the Essendon Grand Punt Hill Serviced apartment complex.
On offer is the opportunity to purchase Lot G04 on the existing Plan of Subdivision which is currently being used as the complex Gym & Conference room. This lot is nearly twice the size of any apartment in the complex and it comes with 3 secure car spaces.
This lot could also hold strong commercial value later down the track when Punt Hill vacates the premesis
Returning a guaranteed $27,315 per annum, a whopping $525pw.
Great location with shops, public transport, pubs and major road 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 $430,000 represents a 6.35% Return.
Now this is a safe bet at this price.