312/1142 Mount Alexander Road, Essendon, VIC 3040
Over 7% return on investment!
Currently leased out on a long term arrangement with reliable tenants Punthill Apartments and generating approximately $32,575.56 per annum, this is an opportunity not to be missed.
The apartment offers two bedrooms and two bathrooms, featuring a huge open-plan living and dining area, with a state-of-the-art adjoining kitchen that boasts electric cooking, oven, dishwasher and stone finishes. Currently been used as two apartments with separate entries but features a connecting doorway.
This established apartment is truly exceptional, offering hotel-standard facilities of on-site building management and a fully-equipped gym.
A serviced apartment lease is tied to the property offering an investor with a peace of mind investment. Lease terms are at 5 years with 3 options once the current term ends on 19th February 2021. Rental increases are determined by CPI annually.
METHOD OF SALE
312/1142 Mount Alexander Road
Essendon VIC 3040
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