328/58 Franklin Street,
Melbourne, VIC 3000
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Beat the Banks! High yielding investment 4.8% NET ROI.
- Affordable entry level CBD Investment
- Premium lower level (LVL 3) location
- Low maintenance StrataTitled real estate
A great Northern end CBD location close the Queen Vic market, RMIT university, with lots of high-density residential and commercial development going on in the area, assuring future demand and growth
Features Walking distance to Melbourne’s entertainment precincts, first class restaurants, public transport and premier shopping centres, like Emporium, Melbourne Central, Myer and David Jones, and the Bourke Street Mall.
Low maintenance investment
• No advertising costs
• No letting fees
• No vacancy
• No management fees
Secure lease back to the car park operator
Ample (2.10 m) clearance and access
Dimensions 5.0 m x 2.6 m
Income/Lease:
Currently returning $243.58 pcm
2% annual rent reviews
Lease commencing 1/11/2019
Period 3 years with 2 further 3-year options
Zoning: Capital City Zone
Example outgoings:
Council Rates $329.04 p.a. (including fire services levy)
Water Rates $235.74 p.a.
Owner Corporation 1 $434.92 p.a.
Owner Corporation 2 $242.56 p.a.
Land tax (SHB) $0.00 p.a.
Call today as these securely leased investments do not last long.
Richard Crane 0412 333 3....
Features Walking distance to Melbourne’s entertainment precincts, first class restaurants, public transport and premier shopping centres, like Emporium, Melbourne Central, Myer and David Jones, and the Bourke Street Mall.
Low maintenance investment
• No advertising costs
• No letting fees
• No vacancy
• No management fees
Secure lease back to the car park operator
Ample (2.10 m) clearance and access
Dimensions 5.0 m x 2.6 m
Income/Lease:
Currently returning $243.58 pcm
2% annual rent reviews
Lease commencing 1/11/2019
Period 3 years with 2 further 3-year options
Zoning: Capital City Zone
Example outgoings:
Council Rates $329.04 p.a. (including fire services levy)
Water Rates $235.74 p.a.
Owner Corporation 1 $434.92 p.a.
Owner Corporation 2 $242.56 p.a.
Land tax (SHB) $0.00 p.a.
Call today as these securely leased investments do not last long.
Richard Crane 0412 333 3....
Property ID: 503818930Last Updated: 12 Jan 2022
04123333...
328/58 Franklin Street
Melbourne, VIC 3000
Cocoon Real Estate P/L - South Yarra24/209
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
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