1214/222 Russell Street, Melbourne VIC 3000

Leased to the Mantra Group, situated on the 12th floor and on the front of the building, this is a modern West facing one bedroom apartment of 65 square meters, with separate bedroom, bathroom, and open plan kitchen and lounge area. Also featured is an 8 square meter West facing balcony. The building has an impressive pool and gym area, is in a fabulous 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.

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

With Mantra offering an excellent rental of $535 per week this top quality investment property is priced to sell.

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


Current rent: $27,864 per annum ($535 per week)

Return: 6.5%

Review: Annual 3% between 5 yearly Market Reviews

Terms: Mantra Group until November 2016

Options 4 x 5 year options

Outgoings:
Owner:
Council and water rates $2,268 pa (approximately)

Tenant:
Owners corporate fees
Insurance
Refurbishment
General Maintenance
Water usage


For further enquires, please call Nick Walters of Kingsford Property - The Serviced Apartment Specialists

Mob:0438 557 885
Ph:(03) 9682 6222
E: [email protected]


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. Prospective purchasers are advised to carry out their own investigations.