1311/222 Russell Street, Melbourne VIC 3000

Enjoy the benefits of a long term, secure lease with this prime studio serviced apartment measuring approximately 32 sqm.

Situated on Level Thirteen and with a Southerly aspect, the apartment features an open plan kitchen, living and bedroom area plus separate bathroom .

The property offers a heated pool, spa, sauna, gym and sun deck, plus a quality restaurant and bar on Level One and good security. The building is in a fantastic Melbourne location in the heart of the Chinatown and theatre precincts – all making this a very desirable investment choice.

Leased to the Mantra Group on a rolling one year lease until October 2029, this investment opportunity is worthy of consideration for your property portfolio.

NB OPTION TO OCCUPY IN NOVEMBER 2029.

IMPORTANT INFORMATION:

RENT: $19,435pa
($373 per week approx.)

INCREASE: Annual 3% increases

RETURN: 7.5% (Gross)
6.3% (Nett)

LEASE: Until October 2026

OPTIONS: 3 x 1 years

TENANT (Mantra) PAYS:
Owners Corporation Admin Fees
Insurance
General maintenance

OWNER PAYS:
OC Maintenance: $1,102 (Approx)
Council Rates: $970 pa (Approx)
Water Rates: $846 pa (Approx)

Inspection is by private appointment.
For further details please contact:

Nick Walters of Kingsford Property - 0438 557 885
[email protected]

Disclaimer: 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. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.