1611/222 Russell Street, Melbourne VIC 3000

Positioned on the 16th floor and with a Southerly aspect, this is a newly refurbished modern studio apartment of 34 square meters, with fully equipped bathroom, and open plan kitchenette and lounge/bedroom area.

'Mantra on Russell' has an impressive pool, gym, sauna, spa and sun deck, is in a prime Melbourne location in the heart of the China Town and theatre precinct of Melbourne, and also has a quality restaurant and bar attached to the building - all making this a very attractive investment.

With Mantra offering an excellent rental of $340 per week, this top quality investment property is priced to sell. Leased until November 2016 with further options thereafter.

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

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

Rent: $17,751 pa ($340 per week approx.)

Return: 6.6%

Reviews: Annual CPI increases between market reviews every 5 years

Terms: Leased to the 'Mantra Group' until November, 2016

Options: 2 x 5 year options thereafter

Outgoings:
Tenant: Owners Corporation Fees
Insurance
General maintenance
Water usage
Refurbishment

Owner: Council and water rates
$1,750 per annum (approx.)

For further enquiries, please call:
Nick Walters of Kingsford Property - The Serviced Apartment Specialists.
0438 557 885 or (03) 9682 6222

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.