702/222 Russell Street, Melbourne, Vic 3000

Situated on the 7th floor with the preferred Northerly aspect is this extra large one bedroom apartment of some 67m2.

The huge open plan living/dining area has an adjoining fully equipped kitchen plus excellent natural light. King sized bedroom with BIRs and sparkling ensuite including shower over bath and euro laundry.

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 - all making this a very attractive investment.

With Mantra offering an excellent rental of $507 per week, this top quality investment property would be a welcome addition to your investment portfolio.

NB: This is for the astute investor only - not for owner occupation

Lease summary

Term: to November 2021

Options: 3 x 5 year options

Return: 6.4%

Rent: $26,380 pa (Effective Nov 2017), $507 per week

Rental reviews: annual 3% increase between market reviews

Annual outgoings:

Owner:
Council & Water rates: approx. $2,200 pa

Tenant (Mantra):
Owners corporation fees
Refurbishment
Water usage
Insurance
General maintenance