SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 1805 (Lot 1808)
222 Russell Street, Melbourne
$272,000
N.B. This apartment is for the astute investor only – not for owner occupation
We offer here a property of high standard and quality. Situated on the eighteenth floor, the property is a large modern studio apartment of 42 square meters, with separate bathroom, open plan kitchen, lounge and bedroom area. The property also offers an East facing eight square meter 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:-
* A superb landmark location
* A hassle free investment with no vacancies, no leasing or rent collection fees, no body corporate fees, general maintenance or refurbishment costs.
The “Mantra on Russell” is an outstanding property investment opportunity.
Securely leased to the Mantra Group until November 2016 with further options thereafter.
Current rent: $19,050 pa
(With 3% annual increases until 2016)
Return: 7 %
Options: 4 x 5 year options
Outgoings:
Owner: Council and water rates
$1,442 pa (approx)
Tenant: Body corporate fees, Insurance, General maintenance and Water usage
For further enquiries, please call the agent
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.