About this parking space
Affordable, Secure, Strong Income, Low Maintenance Investment.
Asking only $18,950, 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.
The current income is for each space $106.28 per calendar month (excl GST) or $1,275.36 per annum, with annual rent adjustments or reviews.
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 better than 5.7% NET return on investment at the asking price. Thatï¿½s better than bank interest, with scope for rent growth 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.