902/222 Russell Street, Melbourne, Vic 3000

Securely leased long term on a 10 lease with the Mantra Hotel Group, this luxuriously fully furnished studio apartment, situated on the 9th level at the four and a half star Saville on Russell currently offers a solid 7.28% return and guaranteed annual rent increases of 3% each November.

Measuring in area of 34 sqm, this little gem, while it may be small, would easily challenge most larger residential investment properties in terms of both yield and capital appreciation which enable you to structure the gearing of your investment exactly the way you need.

Body Corporate rates are paid for by the Mantra Group and the only outgoings fees payable by you are the council and water rates which work out at approximately $1000 pa. Currently achieving a very impressive income of $13,839 annually and automatically increasing to $14, 254 in November this year offering a very comfortable 7.5% return.

Facilities at the Hotel include a truly splendid indoor heated pool, gym, spa and sauna, not to mention the "Up One" Restaurant and Bar and conference rooms where companies including Telstra hold regular seminars. Some of Saville on Russell's larger clientele include names such as Saville's biggest client, BHP Biliton (Australia's largest company who have their headquarters located just across the Street) Ericson Communications, Accenture and in May this year, Mantra on Russell was selected as official accomodation host for FINA and all the international competitors when the World Swimming Championships were held in Melbourne.

This is an excellent opportunity for the first time investor or a luxurious and smart move for a wise old owl to add to his or her 'collection'.

Call Craig McIntosh today for inspection - inspection subject to availability of apartment, but we'll do our best to get you through!


INSPECT AS ADVERTISED. CONTACT AGENT FOR FURTHER DETAILS.