641/58 Franklin Street,
Melbourne, VIC 3000
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Map of 641/58 Franklin Street
Secure low maintenance high yielding investment (4.74% NET)
- Secure long term tenancy
- Great city location
- Affordable real estate investment
Situated close to Victoria Market, RMIT and in an area undergoing huge hi-density re-development.
This strata-titled car space is licenced to CBDPark Pty Ltd, the car parking operator for the next 3 years from the 1st of September 2018 with 2 further 3 year options.
Currently returning $236.49 per calendar month, with the operator paying the congestion levy as part of the licence agreement.
Key Benefits:
• No Vacancy (100% let for the duration of the agreement)
• No Lease arrears (paid monthly from the operator)
• No Management fees
• No letting fees every year
• No advertising costs
• Annual rent increases
• Peace of mind
• Low/No maintenance fees (no painting/carpeting/plumbing costs here)
Financials
12 x $236.49 = $2,837.88 p.a. GROSS
Less outgoings approx.. $985 (Owner Corporation Fees, Council and water Rates)
Net Income (approx. $1,852.88) at $34,000 asking price is 5.45%
BE QUICK or MISS OUT!
Richard Crane 0412 333 3...
This strata-titled car space is licenced to CBDPark Pty Ltd, the car parking operator for the next 3 years from the 1st of September 2018 with 2 further 3 year options.
Currently returning $236.49 per calendar month, with the operator paying the congestion levy as part of the licence agreement.
Key Benefits:
• No Vacancy (100% let for the duration of the agreement)
• No Lease arrears (paid monthly from the operator)
• No Management fees
• No letting fees every year
• No advertising costs
• Annual rent increases
• Peace of mind
• Low/No maintenance fees (no painting/carpeting/plumbing costs here)
Financials
12 x $236.49 = $2,837.88 p.a. GROSS
Less outgoings approx.. $985 (Owner Corporation Fees, Council and water Rates)
Net Income (approx. $1,852.88) at $34,000 asking price is 5.45%
BE QUICK or MISS OUT!
Richard Crane 0412 333 3...
Property ID: 503373322Last Updated: 1 May 2020
04123333...
641/58 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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