1511/222 Russell Street, Melbourne, Vic 3000

Apartment 1511 (Lot 1514)
222 Russell St Melbourne

$206,000

THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

Outstanding South facing, fully furnished studio apartment of 34 square meters meters returning an impressive $277 per week.

The apartment has a fully equipped kitchenette with s/steel appliances, floor to ceiling glazing, well appointed bathroom and excellent bedroom.

This is a hassle free investment with no vacancies, no management fees, no body corporate fees or maintenance costs.

Located at the top end of Melbourne, this brilliant apartment is of the highest quality and offers individuals the opportunity to secure a rewarding and trouble free investment with and entry level price.

Securely leased until Nov 2011 with further options.

Current rent: $14,453 per annum ($1,204 pcm)
(With annual 3% increases between market reviews)

Return: 7%

Options: 3 x 5 year options

Outgoings:
Owner: Council and water rates
$1,091 per annum (approximately)

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

For further enquires, please call:

Nick Walters of Kingsford Property
(03) 9682 6222 or 0438 557 885
nick@kingsfordproperty.com.au

Although every care has been taken in the preparation of the above information, we stress particulars herein are
for information only, and do not constitute representation by the Owner or the Agent.