A Guaranteed $540 per week for a 2 bedroom at Punt Hill, The Essendon Grand
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 $28,133.04 per annum, this is a whopping $541pw. 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. No vacancy periods, no letting fees and the tenant pays the body corporate. A Purchase price of $435,000 represents a 6.46% return.