1801/222 Russell Street, Melbourne, Vic 3000

Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists with over 20 years experience in the serviced apartment market.

If you’d like to discuss your investment property options please call me on 0438 557 885

Leased to the Mantra Group, situated on the 18th floor and with the preferred Northerly aspect is this extra large one bedroom apartment of some 65 square meters plus a deep full width balcony.

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

A huge living & dining area opens to the balcony via floor to ceiling glazing as well as the adjacent kitchen.The very generous bedroom has a separate sparkling bathroom and laundry facilities

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 $552 per week, this top quality investment property is priced to sell. Leased until November 2016 with further options thereafter.


Current rent: $28,714 per annum ($2,392 pcm) Approx.

Rent increase: Annual 3% increases between market reviews

Return: 6.24%

Options: 2 x 5 year options

Owner pays:
Council and water rates $2,253 per annum (Approx)

Tenant pays:
Owners corporation fees
Insurance
General Maintenance
Water Usage
Refurbishment costs

For further enquires, please call:

Nick Walters of Kingsford Property - Melbourne's Serviced Apartment Specialists

0438 557 885 or (03) 9682 6222
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. Prospective purchasers are advised to carry out their own investigations.