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Sold on 11 Dec 2019

316/58 Franklin Street Melbourne VIC 3000

  • Parking / Car Space
  • 13 m²
  • Sold

Affordable high yielding (4.48% NET RETURN) CBD investment

Priced to sell! Secure Long-Term Investment.
A terrific and affordable entry level, high yielding investment located in the heart of Melbourne CBD and within close proximity of all the CBD has to offer.
Ideal for those seeking a:
• low maintenance,
• high yielding,
• secure long-term investment with no vacancy,
• advertising cost,
• no letting fees,
• no management fees and a
• 100% occupancy
Ideal for SMSF (Superannuation) investors, affordable entry level investors, and those seeking a set and forget opportunity.
For further information please call Richard on 0412 333 331
PLEASE LEAVE A CONTACT NUMBER WITH YOUR ENQUIRY TO ENSURE A FAST RESPONSE
Financial Summary
Current income is $231.85 per calendar month ($2,782.20 p.a.)
Lease Summary:
Commencement date: 02/09/2013
Lease Expiry: 2/09/2023
Rent reviews: By CPI Consumer Price Index
Financials:

Lessor Pays (Owner):
Council rate $ 350.00
Water rates $ 115.00
Owner Corporation fees $ 550.00
Total $ 1,015.00

Lessee Pays (Tenant):
Congestion Levy (Category 1) $1,400.00

Total (Gross) Income p.a. $2,782.20 p.a. less $1,015.00 (outgoings above) = Net Income of $1,767.20 p.a.

Inspections are still happening

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Property Highlights

Property ID2015089562
Date Sold11 Dec 2019
Floor AreaAsk Agent
Land Area13 m²
Parking1 x Onsite parking
Category
Last updated  28 Aug 2019
Map for 316/58 Franklin Street Melbourne VIC 3000
Map for 316/58 Franklin Street Melbourne VIC 3000316/58 Franklin Street Melbourne VIC 3000
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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

Find out your loan options

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