SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
MANTRA ON RUSSELL
Apartment 1004 (Lot 1007)
222 Russell Street, Melbourne
$192,000
THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION DUE TO LONG TERM LEASE.
We offer here a property of high standard and quality. The apartment is a large modern fully furnished studio apartment of 34 square meters, with separate bathroom, open plan kitchenette and lounge area. The property also has a seven square meter East facing balcony. The building has good security, is in a fabulous Melbourne location in the heart of the China Town precinct of Melbourne, and also has a gym, pool, spa, sun deck and quality restaurant attached.
This is a rewarding, trouble free investment – immaculately presented and also with the majority of outgoings paid for by the Mantra Group, this is a worthy addition to your property portfolio.
With Mantra offering an excellent rental of $277 per week this top quality investment property is priced to sell.
Current rent: $14,440 pa (Approx)
(With 3% annual increases each November until 2011)
Return: 7.5 %
Options: 3 x 5 year options
Outgoings:
Owner: Council and water rates $715 pa (approx)
Tenant: Body corporate fees, Insurance, General maintenance and Water usage
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.