1704/222 Russell Street, Melbourne VIC 3000

Another serviced apartment sold by NICK WALTERS of KINGSFORD PROPERTY - Melbourne's serviced apartment specialists...Call me on 0438 557 885

Pay no Owners Corporation or refurbishment costs and enjoy the benefits of a long term, secure lease with this prime studio serviced apartment measuring approximately 34 sqm. Situated on Level Seventeen and with a preferred Easterly aspect, the apartment features a separate bathroom, open plan kitchenette, living and bedroom area leading to a 7 square meter balcony offering city scape views.

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

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

IMPORTANT INFORMATION:

RENT: $23,411pa
($450 per week approx.)

INCREASE: Annual 3% increases
(Between Market Reviews)

RETURN: 7% (Gross)

LEASE: Until Nov 2021

OPTIONS: 3 x 5 years

TENANT (Mantra) PAYS:
Owners Corporation fees
Refurbishment
Insurance
General Maintenance

OWNER PAYS:
Council rates: $694 pa (Approx)
Water rates: $928 pa (Approx)

Inspection by private appointment only.

For further details please contact Nick Walters of Kingsford Property - Melbourne's Serviced Apartment Specialists.

M: 0438 557 885
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