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515/58 Franklin Street Melbourne VIC 3000

  • Parking / Car Space
  • 13 m²
  • For Sale, $35,000 (GST na)

BEAT THE BANKS! Secure high yielding investment (4.76%NET ROI) with long tenancy

    515/58 Franklin Street, Melbourne.

    BEAT THE BANKS! Secure high yielding investment (4.76% NET ROI) with long tenancy

    This car park will suit an investor who appreciates the peace of mind of a long term and high yields.
    Leased back to the car park operator until 26/4/2023. Put it in the bottom drawer investment and forget about it while you collect the rent.

    No letting fees
    No management fees
    No vacancy rates
    No advertising costs
    No maintenance costs
    100% occupied

    Income: $238.81 per calendar month ($2,865.72 p.a.)

    Outgoings: Approximately $1200.00 p.a. (council rates, water rate, owner corporation fees).

    Net income: $1,665.72 p.a. or 4.76% at $35,000


    Highly sought-after location close to Victoria Market, RMIT, and the North end of the CBD. One of only a few strata car park buildings in the CBD, where you can actually own a strata titled car space.

    Act fast as this will go quickly.

    For further information please contact Richard Crane on 0412 333 331

    Property Highlights

    Property ID2016371211
    Floor AreaAsk Agent
    Land Area13 m²
    Parking1 x Onsite parking
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Last updated  7 Sep 2020
    Map for 515/58 Franklin Street Melbourne VIC 3000
    Map for 515/58 Franklin Street Melbourne VIC 3000515/58 Franklin Street Melbourne VIC 3000
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