1003/118 Russell Street, Melbourne VIC 3000

Historically significant, The Hero building on the corner of Little Collins and Russell Streets offers the ideal location from which to access the best of Melbourne's vibrant cafe and fashion culture. Originally built in 1945 the foyer retains the charm of a bygone era with its sweeping staircase and period details. Re-imagined from its role as the Russell Street Telephone exchange and Post Office, it was converted into residential apartments by renowned architect Nonda Katsalidis in 1999.

Securely leased to the 140 Little Collins Street Hotel with another 16 years left to run on the lease, this property will return an excellent yield and be available to owner occupy at the expiry. This would suit parents of primary aged children for university accommodation, people planning to empty nest to the city or savvy investors wanting a secure gross income of $31,618.49 pa with no vacancy issues.

Apartment 1003 enjoys the best of the old period charm and the convenience of the modern addition. Boasting an expansive floor plan of 87m2, this immaculate apartment comprises a spacious open plan living and dining zone with floor to ceiling glazing leading onto the full length balcony and delightful Collins Street precinct views. The entertainers kitchen has an island bench screened from the living area with a marble splash-back and is fitted with quality stainless steel appliances with a sliding door leading onto a separate laundry room.
The massive master suite easily accommodates a king sized bed and a study alcove and boasts masses of wardrobe space and a sumptuous ensuite bathroom fitted with a deep bath, separate shower and marble vanity.

The second bedroom is also king sized with floor to ceiling glazing overlooking the balcony and views across to the Hyatt hotel and has a wall of built-in it robes. A second family bathroom is conveniently located to both the second bedroom and living area for great zoning.

This exceptional offering comes complete with one car space on title.

Inspection strictly by appointment - please call Susan on 0402 208 798