1409/222 Russell Street, Melbourne VIC 3000

Situated on the 14th floor with a quiet Southerly aspect is this oversized one-bedroom apartment measuring 65 sqm plus 8sqm balcony. The huge open plan living/dining area has an adjoining fully equipped kitchen plus excellent natural light. King sized bedroom with BIRs and sparkling ensuite including shower over bath and euro laundry.

The building has an impressive pool and gym area, is in a prime Melbourne location in the heart of the China Town and theatre precincts of Melbourne, and also has a quality restaurant and bar attached - all making this a very attractive investment or future home.

With Mantra offering an impressive rental of $620 per week until October 2024 this high quality investment property would be a welcome addition to your investment portfolio.

The new owner will have the opportunity to either continue the lease with Mantra for another year or extinguish the lease and occupy the apartment from 1st November 2024.

IMPORTANT INFORMATION:

Internal Size: 65 sqm Internal
7 sqm Balcony

Rental: $32,324 pa
($620/week)

Outgoings:

Tenant's Outgoings (Mantra):
Owners Corp Admin Fee: $4,319 pa

Owners Outgoings:
Council rates: $1,538 pa
Water rates: $1085 pa
Owners Corp Maintenance Fund: $1,205
Utilities (Power): $2,133pa

Leased: Until 31st October 2024.

Option: 1 X 1 Year term

Return: 8.1% Gross
6.6% Nett

Inspection can be arranged by private appointment.

For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
[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.