113/1142 Mt Alexander Rd, Essendon, VIC, 3040 - Apartment Sold on 05 11 2025

SoldNov 5, 2025

113/1142 Mt Alexander Rd, Essendon, VIC, 3040

$410,000

0 m²

Apartment

•

30+ days on the market

Sold: Nov 5, 2025

What's around 113/1142 Mt Alexander Rd

A Guaranteed $638.31 per week LEASED to February 2031

On offer is a guaranteed return of $638.31 per week for a 2 bedroom, 2 Bathroom apartment with car park at Punt Hill, The Essendon Grand. Strictly, only for the Investor, is this roomy dual key apartment, currently under a 5 YEAR Lease commencing on the 20th February 2026 & running to 2031. Existing tenant, PUNT HILL has been in occupation for the past 19 years & with another Three (3) further 5 year options. No vacancy periods, no letting fees and no advertising for any new tenant. The numbers are big when compared to other local rentals, $33,192.36 per annum, $2,766.03 per month or $638.31 per week. Quality fit-out including granite benches, stainless steel appliances, heating, cooling, window furnishings and Euro laundry. Superb location with shops, public transport, pubs and major roads nearby. No vacancy periods & no letting fees. Ideal for your own Superannuation fund NOTE - This apartment has also been recently refurbished with new carpet, fresh paint & new window furnishings, thus keeping future expenditure low.