1002/222 Russell Street, Melbourne, Vic 3000

Apt 1002
222 Russell St Melbourne

Another SOLD by Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists

Interested in selling? Call Nick discuss your options on 0438 557 885

$375,000 (Private Sale)

N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATUION

Leased to the Mantra Group, situated on the 10th floor and with a preferred Northerly aspect, this is a large modern one bedroom apartment of 67 square meters, with separate bedroom, bathroom, laundry facilities and open plan kitchen and lounge area. The building has an impressive pool and gym area, is in a prime Melbourne location in the heart of the China Town precinct of Melbourne, and also has a quality restaurant and bar attached to the building - all making this a very attractive investment.

With Mantra offering an excellent rental of $479 per week, this top quality investment property is priced to sell. Leased until November 2016 with further options thereafter.

Immaculately presented and also with the majority of outgoings paid for by the Mantra Group, this is a worthy addition to your property portfolio.

The "Mantra on Russell" is an outstanding property investment opportunity.


Current rent: $24,932 per annum ($2,077 pcm)

Return: 6.7%

Options: 4 x 5 year options

Outgoings:
Owner: Council and water rates $2,100 per annum (approximately)

Tenant: Body corporate fees, Insurance, General maintenance and Water usage