Address: 352 Canterbury RD, St Kilda, VIC 3182
City: St Kilda
State: VIC
Postcode: 1000
Country: Melbourne
Price: $19,500
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Status: Active
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Affordable, Secure, Strong Income, Low Maintenance Investment. Affordable: Asking only $19,500, this affordable entry level investment is ideal for your Self Managed Superannuation Fund (SMSF), investment diversity or affordable first time/entry level property investor. Secure: Initial 15 year lease expires 6 June 2017 with one further option of 10 years. Strong Income: The current income is for each space $94.26 per calendar month (excl GST) or $1,113.12 per annum, with annual rent adjustments or reviews. Low Maintenance Investment: As this car park is attached to a secure long term lease the outgoings (council rates, owner corporation fees and water rates etc) are the responsibility of the Lessee and therefore this is a low maintenance investment offering a NET return on investment. Currently showing a better than 5.7% NET return on investment at the asking price. That�s better than bank interest, with scope for rent growth and asset growth. Sit back and relax with a steady stream of income without any maintenance requests or arrears from unreliable tenants. Inspect as advertised or by appointment. For more information contact Richard Crane 0412 333 331.
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Agent Info
Phone: 215.850.0710 | Mobile: 215.850.0710 | Fax: 702.995.6591
Homepage: http://www.open-realty.org
Info: I am the system administrator!
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