642/58 Franklin Street,
Melbourne, VIC 3000

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...