106/1142 Mt Alexander Road, Essendon, VIC 3040

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.