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315/255 Drummond St
Carlton VIC 3053
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Sold on 16 Feb 2021

315/255 Drummond St Carlton VIC 3053

  • Parking / Car Space
  • 13 m²
  • Sold

High yielding and affordable investment in Blue Chip Carlton (5.90% Net ROI)

Affordable, Secure, Strong income, Low maintenance

Clocktower: Lot 315/255 Drummond Street, Carlton Asking $49,950

We all know how hard it is to find a carpark around Carlton.

Secure long-term tenant who pays ALL outgoings.

No Vacancy, No Maintenance, No Letting Fees, No Advertising Costs, No Council Rates, No Owner Corporation Fees, No Congestion Levy and No Management Fees.
No Worries for the Life of the Lease which started in 2000 (current lease expires 2020).

Affordable:
Asking only $57,500, this affordable entry level investment is ideal for your Superannuation, investment diversity or affordable first time/entry level property investor.
Blue chip Carlton location within the Lygon Streets, retail, café, business and entertainment precinct, parking in this area is limited and highly sought-after.

Secure:
Current 10-year lease expires 30th June 2020.

Strong Income:
The current income is for each space $245.62 per calendar month (excl GST) or $2,947.44 per annum, with annual rent adjustments or reviews. Currently showing a 5.13% NET (Tenant pays all outgoings) return on investment at the asking price.

Low Maintenance Investment:
As this car park is attached to a secure long term lease the outgoings (council rates, owner corporation fees and water rates and congestion levy) are the responsibility of the Lessee and therefore this is a low maintenance investment offering a NET return on investment.

National Tenant: Care Park Pty Ltd

Sit back and relax with a steady stream of income without any maintenance requests from tenants.

Be quick, dont walk, dont run but drive before this unique opportunity is gone.

Inspect by appointment or contact Richard Crane 0412 333 331 for further information

_Archived_ESTATIER
24/209 Toorak Road
South Yarra, VIC 3141

Property Highlights

Date Sold16 Feb 2021
Floor Area13 m²
Land Area13 m²
ParkingOn site parking available
Property ID2014027613
Category
Last updated  16 Feb 2021
Map for 315/255 Drummond St Carlton VIC 3053
_Archived_ESTATIER
24/209 Toorak Road
South Yarra, VIC 3141

Property Highlights

Date Sold16 Feb 2021
Floor Area13 m²
Land Area13 m²
ParkingOn site parking available
Property ID2014027613
Category
Last updated  16 Feb 2021

Listed by

_Archived_ESTATIER
Call
03 98260300

More about 315/255 Drummond St Carlton VIC 3053

315/255 Drummond St Carlton VIC 3053 is categorized as Parking Space. It has a floor area of 13 m² and a land area of 13 m². The listing ID for this property is 2014027613.

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