705/222 RUSSELL Street, Melbourne, Vic 3000

Apartment 705 (Lot 708)

222 Russell Street, Melbourne

$207,500

PLEASE NOTE: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

We offer here a property of high standard and quality. The apartment is a large fully furnished modern studio apartment of 42 square meters, with separate bathroom, open plan kitchen and lounge area. The property also has an eight square meter East facing balcony. The building has good security, is in a fabulous Melbourne location in the heart of the China Town precinct of Melbourne, and also has a gym, pool, spa, sun deck and quality restaurant attached.

This is a rewarding, trouble free investment:-

* No Vacancies
* No Management Fees
* No Body Corporate Fees
* No Sinking Funds
* No General Maintenance Costs

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

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

Current rent: $14,957 pa (Approx)
Effective November 2011)

Return: 7.2 %

Options: 3 x 5 year options

Outgoings:
Owner Pays: Council and water rates $1,100 pa (approx)

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

For further enquires, please call the agent.

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