SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
MANTRA ON RUSSELL
Apartment 1211 (Lot 1214)
222 Russell Street, Melbourne
$190,000
THIS APARTMENT IS FOR INVESTORS ONLY – NOT FOR OWNER OCCUPATION.
Outstanding South facing, fully furnished studio apartment of 34 square meters meters returning an impressive $248 per week.
The apartment itself has a fully equipped kitchenette with s/steel appliances, floor to ceiling glazing, appointed bathroom and excellent bedroom.
* A guaranteed initial 10 year lease that commenced in 2001
* A superb landmark location
* A hassle free investment with no vacancies, no management fees, no body corporate fees or maintenance costs.
Located at the top end of Melbourne, this brilliant apartment is of the highest quality and offers individuals the opportunity to secure a rewarding and trouble free investment with and entry level price.
Securely leased until 2011 with further options.
Current rent: $12,924 per annum ($1,077 pcm)
(With a 3% increase in November)
Return: 6.8%
Options: 3 x 5 year options
Outgoings:
Owner: Council and Water rates – $1,100 per annum (approximately)
Tenant: Body corporate fees, Insurance, General maintenance and Water usage
For further enquires, please call:
Nick Walters of Kingsford Property
(03) 9682 6222 or 0438 557 885
[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.