647/58 Franklin Street,
Melbourne, VIC 3000
Other
Price information
Sold
$1,000
Key property information
Floor area
Car spaces
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Map of 647/58 Franklin Street
City central, Low Maintenance, High Yield investment, Secure long-term agreement
647/58 Franklin Street, Melbourne $35,000
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 $231.85 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 $231.85 = $2,782.20 p.a. GROSS
Less outgoings approx.. $1,000 (Owner Corporation Fees, Council and water Rates)
Net Income (approx. $1,782.20) at $35,000 asking price is 5.1%
BE QUICK or MISS OUT!
Richard Crane 0412 333 3...
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 $231.85 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 $231.85 = $2,782.20 p.a. GROSS
Less outgoings approx.. $1,000 (Owner Corporation Fees, Council and water Rates)
Net Income (approx. $1,782.20) at $35,000 asking price is 5.1%
BE QUICK or MISS OUT!
Richard Crane 0412 333 3...
Property ID: 503223386Last Updated: 24 Sep 2019
04123333...
647/58 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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