Clocktower, 157/255 Drummond St,
Carlton, VIC 3053

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Map of Clocktower, 157/255 Drummond St

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Must be sold by 30th June. Extra Wide Strata Titled Car Park - 6.93% NET return on Investment

This unique strata titled car park at 255 Drummond Street, Carlton
Ideal for the discerning investor or future owner occupier.
Low maintenance investment with the lessor paying all outgoings.
• 100% occupied for the duration of the lease/ Potential vacant possession
• No letting fees
• No advertising costs
• No maintenance costs
• No management fees
• Money paid into your nominated bank account every month
Current Lease & Financials
Lease commencement: 5/10/2010
Lease Expiry: 4/10/2020
Option period No further option periods
Income currently $245.63 p.c.m / $2.947.56
Outgoings paid by the lessor (tenant/operator) as per the lease agreement
Council rates
Water rates
Owner Corporation (maintenance fund)
Congestion Levy
A terrific and affordable blue-chip investment in the heart of Carltons Lygon Street entertainment and retails precinct. If you’ve every tried to find parking in the area you will appreciate the opportunity to secure a reserved car park with strong income stream.
For further information contact Richard crane on 04142 333 331

Carlton, 3053 demographic data

The median household income for Carlton is $1,292, 32% lower than Greater Melbourne's household income of $1,901. Carlton has a younger age profile compared to the rest of Greater Melbourne (median age 27 vs 37). Property ownership data shows 38% of property owners in Carlton have a mortgage.

16,055

Population

$1,292 per week

Median household income

27 years

Median age

Renters

Most residents

Singles

Most households

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