Only for the Savvy Investor is this unique opportunity to purchase within The Essendon Grand, Punt Hill 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 property located on the ground floor will have excellent commercial value when Punt Hill End their lease.
This lot is nearly twice the size of any apartment in the complex and it comes with 3 secure car spaces.
Returning a guaranteed $28,032 per annum, a whopping $539pw.
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 6.51% Return.
Now this is a safe bet at this price.