Punt Hill at The Essendon Grand
Only for the Savvy Investor is this unique opportunity to purchase with 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. Nearly twice the size of any apartment in the complex + 3 secure car spaces.
Currently returning $27,315 per annum. Thats a whopping $525per week.
Superb location with shops, public transport, pubs and major road arterioles nearby.
Current 10 year lease with yearly CPI reviews and 3 x 5 year options.
No vacancy periods, no letting fees and the tenant pays the body corporate.
Strong Tenant being Punt Hill Serviced Apartments www.punthill.com.au
What are you prepared to offer? We are open to Offers.
6.35% Return = $430,000
6.15% Return = $444,146
6% Return = $455,000
5.81% Return = $470,000