136/352 Canterbury Road

St Kilda VIC 3182

6.5% NET return on Investment and a 100% Occupancy! No Vacancy, No Maintenance, No Letting Fees, No Advertising Costs, No Council Rates, No Owner Corporation Fees, No Congestion Levy and No Management Fees. Affordable: Asking only $17, 950, this affordable entry level investment is ideal for your Superannuation, investment diversity or affordable first time/entry level property investor. Blue chip East Melbourne location within the medical precinct, parking in this area is limited and highly sought-after. Secure: Initial 10 year lease expires June 2017 with one further options of 10 years. Strong Income: The current income is for each space $97.08 per calendar month (excl GST) or $1, 164.96 per annum, with annual rent adjustments or reviews. Currently showing a 6.5% NET (Tenant pays all outgoings) return on investment at the asking price. 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. No Vacancy, No Maintenance, No Letting Fees, No Advertising Costs, No Council Rates, No Owner Corporation Fees, No Congestion Levy and No Management Fees. National Tenant:Care Park Pty Ltd Sit back and relax with a steady stream of income without any maintenance requests from tenants. Inspect by appointment or contact Richard Crane 0412 333 331 for further information.