FOR SALE
$300,000 to $324,990

106/1142 Mt Alexander Road
Essendon VIC 3040

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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PUNT HILL ESSENDON - A Guaranteed $501 per week for an Extra Large 1 Bed, 1 bath with car park

A guaranteed return $501 per week for an extra-large, 1st floor, 1 bedroom apartment with car space at Punt Hill, The Essendon Grand.
Ideally located on the 1st floor of the complex, facing Mount Alexander road & situated within the original ART DECO facade of THE GRAND HOTEL.
This apartment is strictly only for the Investor with the existing 5 YEAR Lease commencing on the 20th February 2021.
Excellent tenant - Punt Hill Serviced Apartments. www.punthill.com.au with a further three (3) 5 year options that sit with the tenant.
No vacancy periods, no letting fees and no advertising for any new tenant.
The numbers are big for a 1 bedroom, $26,057.76 per annum, $2,171.78 per month, $501 per week.
Fittings include, granite benches, Stainless Steel appliances, heating, cooling, window furnishings, Euro laundry. Quality fit-out including granite benches, stainless steel appliances, heating, cooling, window furnishings, Euro laundry and secure basement car space.
Superb location with shops, public transport, pubs and major roads nearby.
Ideal for your own Superannuation fund.
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Property Details for 106/1142 Mt Alexander Rd, Essendon

106/1142 Mt Alexander Rd, Essendon is a 1 bedroom, 1 bathroom ServicedApartment with 1 parking spaces. The place is currently for sale with Pagan Real Estate.

Building Type
ServicedApartment

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About Essendon 3040

The size of Essendon is approximately 6.2 square kilometres. It has 20 parks covering nearly 8.4% of total area. The population of Essendon in 2011 was 18,852 people. By 2016 the population was 20,611 showing a population growth of 9.3% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Essendon work in a professional occupation. In 2011, 64% of the homes in Essendon were owner-occupied compared with 60.2% in 2016.

Essendon has 12,910 properties.

    There are currently 38 properties listed for sale, and 20 properties listed for rent in Essendon on OnTheHouse. According to CoreLogic's data, 523 properties were sold in the past 12 months in Essendon.

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