515/58 Franklin Street Melbourne VIC 3000

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: $243.59 per calendar month ($2,923.08 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

Location:

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