348/58 Franklin Street Melbourne VIC 3000

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