55C/211 Powlett Street,
East Melbourne, VIC 3002
Other
Price information
Sold
Contact Agent
Key property information
Floor area
Car spaces
Sold on
Map of 55C/211 Powlett Street
JUST LISTED- Blue Chip Location, Secure Income and Investment.
TRIBECA: 55C/211 Powlett Street, East Melbourne Asking $55,000
RARE! Only 60 spaces in this boutique, highly sought-after location.
Secure long term tenant who pays ALL outgoings!
5.0% NET return on Investment and a 100% Occupancy!
No Vacancy, No Maintenance, No Letting Fees, No Advertising Costs, No Council Rates, No Owner Corporation Fees, No Congestion Levy and No Management Fees.
No Worries for the Life of the Lease (2020 and beyond).
Affordable:
Asking only $55,000, this affordable entry level investment is ideal for your Superannuation, investment diversity or affordable first time/entry level property investor.
Blue chip East Melbourne location within the medical precinct, parking in this area is limited and highly sought-after. Close to the MCG and Melbourne sporting precinct.
Secure:
Initial 10 year lease expires 18th April 2015 with two further options of 5 years each.
Currently in the 1st option period of 5 years until 18th of April 2020, then 1 further option of 5 years.
Strong Income:
The current income is for each space $208.19 per calendar month (excl GST) or $2,498.28 per annum, with annual rent adjustments or reviews. Currently showing a 4.54% NET (Tenant pays all outgoings) return on investment at the asking price.
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 and congestion levy) are the responsibility of the Lessee and therefore this is a low maintenance investment offering a NET return on investment.
No Vacancy, No Maintenance, No Letting Fees, No Advertising Costs, No Council Rates, No Owner Corporation Fees, No Congestion Levy and No Management Fees.
No Worries for the Life of the Lease (2020 and beyond).
National Tenant: Care Park Pty Ltd
Sit back and relax with a steady stream of income without any maintenance requests from tenants. Be quick, don’t walk, don’t run but drive before this unique opportunity is gone.
Inspect by appointment or contact Richard Crane 0412 333 3... for further information.
RARE! Only 60 spaces in this boutique, highly sought-after location.
Secure long term tenant who pays ALL outgoings!
5.0% NET return on Investment and a 100% Occupancy!
No Vacancy, No Maintenance, No Letting Fees, No Advertising Costs, No Council Rates, No Owner Corporation Fees, No Congestion Levy and No Management Fees.
No Worries for the Life of the Lease (2020 and beyond).
Affordable:
Asking only $55,000, this affordable entry level investment is ideal for your Superannuation, investment diversity or affordable first time/entry level property investor.
Blue chip East Melbourne location within the medical precinct, parking in this area is limited and highly sought-after. Close to the MCG and Melbourne sporting precinct.
Secure:
Initial 10 year lease expires 18th April 2015 with two further options of 5 years each.
Currently in the 1st option period of 5 years until 18th of April 2020, then 1 further option of 5 years.
Strong Income:
The current income is for each space $208.19 per calendar month (excl GST) or $2,498.28 per annum, with annual rent adjustments or reviews. Currently showing a 4.54% NET (Tenant pays all outgoings) return on investment at the asking price.
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 and congestion levy) are the responsibility of the Lessee and therefore this is a low maintenance investment offering a NET return on investment.
No Vacancy, No Maintenance, No Letting Fees, No Advertising Costs, No Council Rates, No Owner Corporation Fees, No Congestion Levy and No Management Fees.
No Worries for the Life of the Lease (2020 and beyond).
National Tenant: Care Park Pty Ltd
Sit back and relax with a steady stream of income without any maintenance requests from tenants. Be quick, don’t walk, don’t run but drive before this unique opportunity is gone.
Inspect by appointment or contact Richard Crane 0412 333 3... for further information.
Property ID: 502746470Last Updated: 27 Jun 2018
04123333...
55C/211 Powlett Street
East Melbourne, VIC 3002
Cocoon Real Estate P/L - South Yarra24/209
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Kingsley, 9-11 Garden Avenue,East Melbourne, VIC 3002 272 m²Development Sites & Land • Hotel, Motel & Leisure • Other
