607/222 Russell Street, Melbourne, Vic 3000

Apartment 607 (Lot 610)
222 Russell Street, Melbourne

$323,000

FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

We offer here an impeccable as new 6th floor one bedroom apartment of 62 square meters in addition to a fabulous 24 square meter terrace, quality fixtures and fittings, and a secure long term lease with the renowned Mantra Group.

Currently returning an impressive $418 PW with minimal outgoings.

This is an excellent opportunity to purchase prime property in this highly regarded development.

This is a hassle free investment with no vacancies, no leasing or rent collection fees, no body corporate fees or general maintenance costs to pay.

The "Mantra on Russell" is a prime opportunity for the astute investor.

Securely leased to the Mantra Group until November 2011 with further options.

Current rent: $21,828 pa
(With annual 3% increases between market reviews)

Return: 6.75%

Options: 3 x 5 year options

Outgoings:
Owner: Council and water rates
$1,300 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.