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Sold on 17 Sep 2021

307/58 Franklin Street Melbourne VIC 3000

  • Parking / Car Space
  • 13 m²
  • Sold

Beat the Banks! High yielding investment

  • Investment
  • Location
  • Strata-titled

A great Northern end CBD location close the Queen Vic market, RMIT university, with lots of high-density residential and commercial development going on in the area, assuring future demand and growth

Walking distance to Melbourne's entertainment precincts, first class restaurants, public transport and premier shopping centres, like Emporium, Melbourne Central, Myer and David Jones, and the Bourke Street Mall.

Low maintenance investment
No advertising costs
No letting fees
No vacancy
No management fees

Secure lease back to the car park operator
Ample (2.10 m) clearance and access
Dimensions 5.0 m x 2.6 m

Currently returning $238.87 pcm
2% annual rent reviews
Lease commencing 1/8/2018
Period 3 years with 2 further 3-year options

Example outgoings:
Council Rates $329.04 p.a. (including fire services levy)
Water Rates $235.74 p.a.
Owner Corporation 1 $434.92 p.a.
Owner Corporation 2 $242.56 p.a.
Land tax (SHB) $0.00 p.a.

Call today as these securely leased investments do not last long.

Richard Crane 0412 333 331.

Richard Crane
Cocoon Real Estate
Richard Crane
Cocoon Real Estate

Property Highlights

Property ID2016950974
Date Sold17 Sep 2021
Floor Area13 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Building TypePartial building
Category
Last updated  17 Sep 2021
Map for 307/58 Franklin Street Melbourne VIC 3000
Map for 307/58 Franklin Street Melbourne VIC 3000307/58 Franklin Street Melbourne VIC 3000
Richard Crane
Cocoon Real Estate
Richard Crane
Cocoon Real Estate

Property Highlights

Property ID2016950974
Date Sold17 Sep 2021
Floor Area13 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Building TypePartial building
Category
Last updated  17 Sep 2021
Cocoon Real Estate
24/209 Toorak Road South Yarra VIC 3141
Richard Crane
Cocoon Real Estate
Richard Crane
Cocoon Real Estate
Richard Crane

Richard Crane

Cocoon Real Estate

0412 *** ***
0412 333 331

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