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339/58 Franklin Street
Melbourne VIC 3000
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Sold on 2 Mar 2022

339/58 Franklin Street Melbourne VIC 3000

  • Parking / Car Space
  • 13 m²
  • Sold

Beat the Banks! High yielding investment 4.8% NET ROI

    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

    Income/Lease:
    Currently returning $243.58 pcm
    2% annual rent reviews
    Lease commencing 1/11/2019
    Period 3 years with 2 further 3-year options

    Zoning: Capital City Zone

    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.

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

    Richard Crane 0412 333 331.

    Property Highlights

    Date Sold2 Mar 2022
    Floor Area13 m²
    Land AreaAsk Agent
    Parking1 x Onsite parking
    Building TypePartial building
    Property ID2016979911
    Category
    Last updated  2 Mar 2022
    Map for 339/58 Franklin Street Melbourne VIC 3000

    Property Highlights

    Date Sold2 Mar 2022
    Floor Area13 m²
    Land AreaAsk Agent
    Parking1 x Onsite parking
    Building TypePartial building
    Property ID2016979911
    Category
    Last updated  2 Mar 2022

    Listed by

    Richard Crane
    Cocoon Real Estate
    Call
    0412 333 331

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