NEW 5 Year Lease – LONG TERM TENANT at a Guaranteed $386.14pw

On offer is a guaranteed return of $386.14 per week for a 1 bedroom, 1 Bathroom at Punt Hill, The Essendon Grand.<br/>Strictly, only for the Investor, is this roomy apartment, with NEW 5 YEAR Lease just agreed to & commencing on the 20th February 2021.<br/>Existing tenant, PUNT HILL has been in occupation for the past 15 years & with another Two (2) further 5 year options.<br/>No vacancy periods, no letting fees and no advertising for any new tenant.<br/>The numbers are big for a 1 bedroom at this price point; $20,079.48 per annum, $1,673.29 per month or $386.14 per week.<br/>The apartment itself is located on the 2nd floor of this iconic pub, located at the rear of the complex facing East.<br/>Quality fit-out including granite benches, stainless steel appliances, heating, cooling, window furnishings and Euro laundry.<br/>Superb location with shops, public transport, pubs and major roads nearby.<br/><br/>NO OWNER OCCUPIERS<br/><br/>Ideal for your own Superannuation fund.