SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
MANTRA ON RUSSELL
Apt 1314 (Lot 1317)
222 Russell Street, Melbourne
$295,000
Situated in one Mantras De Luxe properties, this is an outstanding fully furnished one bedroom apartment of 65 square meters in addition to an 8 square meter West facing balcony.
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 or general 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.
Securely leased to the Mantra Group until 2011 with further options thereafter.
Current rent: $21,996 per annum ($1,833 pcm)
(Effective Nov 08 with annual 3% increases until 2011)
Return: 7.5%
Options: 3 x 5 year options
Outgoings:
Owner: Council and Water Rates
$1,200 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.