202/1142 Mt Alexander Road, Essendon, VIC 3040
Essendon 2Moenga PUNT HILL ESSENDON - A Guaranteed $660.33 per week LEASED to February 2031
$410,000On offer is a guaranteed return of $660.33 per week for a 2 bedroom, 2 Bathroom apartment with car park at Punt Hill, The Essendon Grand.
Strictly, only for the Investor, is this roomy dual key apartment, currently under a 5 YEAR Lease commencing on the 20th February 2026 & running to 2031.
The existing tenant, PUNT HILL has been in occupation for the past 19 years & with another Three (3) further 5 year options.
The are NO vacancy periods, no letting fees and no advertising for any new tenant.
The numbers are big when compared to other local rentals, $34,337.28 per annum, $2,861.44 per month or $6660.33 per week.
Quality fit-out including granite benches, stainless steel appliances, heating, cooling, window furnishings and Euro laundry.
Superb location with shops, public transport, pubs and major roads nearby.
Ideal for your own Superannuation fund NOTE - This apartment has also been recently refurbished with new carpet, fresh paint & new window furnishings, thus keeping future expenditure low.