906/222 Russell Street, Melbourne VIC 3000

This 9th floor East facing studio apartment is of the highest quality and is a large 34m2, with separate bathroom, open plan kitchen and lounge area. The property also has a 7m2 East facing balcony.
Positioned in a prime CBD location in the heart of the China Town and theatre precinct. and also offers a gym, pool, spa, sauna, sun deck and quality restaurant and bar attached.

Securely leased to the Mantra Group until November 2016 with further options thereafter.

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

Rent: $17,649 - $339 per week (approx.)

Return: 6.75%

Reviews: Annual 3% increases between 5 yearly market reviews

Term: Leased to the Mantra Group until November, 2016.

Options: 4 x 5 year options thereafter.

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

Owner: Council and Water Rates
$1,700 pa (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.