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647/58 Franklin Street Melbourne, VIC 3000

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647/58 Franklin Street,
Melbourne, VIC 3000

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Price information

Sold

$1,000

Key property information

Floor area

Car spaces

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Map of 647/58 Franklin Street

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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...

Property ID: 503223386Last Updated: 24 Sep 2019

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This information is supplied by realestate.com.au (ABN 21 080 195 535) on behalf of Proptrack Pty Ltd (ABN 43 127 386 298). Copyright and Legal Disclaimers about Property Data.
04123333...
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647/58 Franklin Street
Melbourne, VIC 3000

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