1510/222 Russell Street, Melbourne VIC 3000

Located on the 15th floor, this spacious one-bedroom apartment boasts a serene Southerly view, encompassing 65 sqm of living space along with an 8 sqm balcony. The generously sized open-plan living/dining area seamlessly connects to a fully equipped kitchen, bathing the space in natural light. The king-sized bedroom features built-in robes and an en suite with a sparkling shower over a bath, complemented by a Euro laundry.

The building's impressive amenities include a pool , spa, sauna, and gym, all in a prime Melbourne location at the heart of China Town and the Theatre precincts. A quality restaurant and bar attached make this property an appealing investment or future home.

NB: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION.

Currently leased to Mantra at an impressive $690 per week until October 2025 an offering annual 3% increases until 2029, this high-quality investment property could be a valuable addition to your portfolio.

IMPORTANT INFORMATION:

Internal Size: 65 sqm Internal
8 sqm Balcony

Current Rental: $35,949pa ($690/week)

Future Rental: Nov 2025 - Oct 2026 $37,027 pa
Nov 2026 - Oct 2027 $38,138 pa
Nov 2027 - Oct 2028 $39,282 pa
Nov 2028 - Oct 2029 $40,460 pa

Lease: Until 31st October 2025.

Lease Options: 4 X 1 Year

Increases: Annual 3%

Return: 8,3% Gross
(7.4% Nett)

Outgoings:

Tenant (Mantra) Pays:
OC Admin Fee: $4,206

Owner Pays:
OC Maintenance: $1,245 pa
Council rates: $1,457 pa
Water rates: $1, 149 pa

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.