808/222 RUSSELL Street, Melbourne, Vic 3000

Apartment 808
222 Russell Street, Melbourne

Another SOLD by Nick Walters of Kingsford Property – Melbourne’s Serviced Apartment Specialists...

Interested in selling? Call Nick to discuss your options on 0438 557 885

$360,000 (Private Sale)

N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

Leased to the Mantra Group, situated on the 8th floor and with a Southerly aspect, this is a large modern one bedroom apartment of 67 square meters, with separate bedroom, bathroom, laundry facilities and open plan kitchen and lounge area. 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 $468 per week, this top quality investment property is priced to sell. Leased until November 2016 with further options thereafter.

Immaculately presented and also with the majority of outgoings paid for by the Mantra Group, this is a worthy addition to your property portfolio.

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


Current rent: $24,343 per annum ($2,028 pcm)

Return: 6.75%

Options: 4 x 5 year options

Outgoings:

Owner: Council and water rates $2,100 per annum (approximately)

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

For further enquires, please call:

Nick Walters of Kingsford Property - The serviced Apartment Specialists




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.