SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists

Apartment 1215

222 Russell Street, Melbourne



Leased to the Mantra Group, situated on the 12th floor and on the front of the building, this is a modern North West facing two bedroom apartment of 88 square meters. Apart from the two spacious bedrooms on offer here is a separate bathroom, powder room, laundry facilities and open plan kitchen, dining and lounge area leading to a 7 square meter West facing balcony. The building has an impressive pool and gym area, is in a fabulous Melbourne location in the heart of the China Town precinct of Melbourne, and also has a quality restaurant and bar attached to the building.

This apartment also has one secure car park on title.

Currently returning an impressive $625 PW with minimal outgoings and a 3% annual rental increase each November between market reviews.

This is an excellent opportunity to purchase this prime, blue chip property, in this highly regarded development.

This is a hassle free investment with No vacancies, No leasing or rent collection fees, No body corporate fees and No general maintenance costs to pay.

Securely leased to the Mantra Group until 2011 with further options.

Current rent: $32,524 per annum

Return: 6.2%

Options: 3 x 5 year options

Owner: Council and water rates of $1,750 per annum (approximately)

Tenant: Body corporate fees, Insurance, General maintenance and
Water usage

For further enquires, please call:

Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
[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.