3 of the 5 sold! Don't miss out at this not to be repeated price and return.

Car Park 96 & 97/352 Canterbury Road, St Kilda

Best Value in Town! Where else can you get a 6.5% Net return on investment?? That's twice as much as the banks!

Affordable, Secure, Strong Income, Low Maintenance Investment.

Affordable:
Asking from $19,500, this affordable entry level investment is ideal for your Self Managed Superannuation Fund (SMSF), investment diversity or affordable first time/entry level property investor.

Secure: Initial 15 year lease expires 6 June 2017 with one further option of 10 years.

Strong Income:
The current income is for each space ranging from $106.28 per calendar month (excl GST) or $1,275.36 per annum with annual rent adjustments or reviews.

Car Park 96/352 Canterbury Rd, St Kilda
Income $1,275.36 p.a. NET Asking $19,621 or 6.5% NET ROI

Car Park 97/352 Canterbury Rd, St Kilda SOLD
Income $1,275.36 p.a. NET Asking $19,621 or 6.5% NET ROI

Low Maintenance Investment:
As this car park is attached to a secure long term lease the outgoings (council rates, owner corporation fees and water rates etc) are the responsibility of the Lessee and therefore this is a low maintenance investment offering a NET return on investment.
Currently showing a 6.7% NET return on investment at the asking price. That's better than double bank interest, with scope for rent and asset growth.

Sit back and relax with a steady stream of income without any maintenance requests or arrears from unreliable tenants.

Inspect as advertised or by appointment.

For more information contact Richard Crane 0412 333 331.