PROPERTY SUMMARY
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- Bedrooms : 0
- Bathrooms : 0
- Car Spaces : 0
Enter the property market for less than $20,000 and earn an income from the property!
Strata storage units are becoming a city \"must-have\" as areas for storage decrease as property development increases. Business\'s are looking to store their paperwork, and very few are able to keep secure documents on site.
This small unit has been developed as part of a larger property for the sole purpose of such need, and is leased to the storage company Strata Storage Melbourne returning 7.57% Net with a 6x6 year renewable lease. PLUS, rent increases of 5% every second year.The outgoings are minimal. With the right taxation information, this can be a huge deduction on your income.
Buying a unit from the developer will cost you in excess of $49,000. The average investment is $72,000. Storage units are a great low entry investment, and the market value increases rapidly. This is prime city property, with an address in Little Collins St!
The advantage of Strata Title is that each unit comes with its own title. This gives you the freedom to sell when you like.
The unit is about the size of a car park, and was valued at just under $20,000 5 yrs ago.
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