SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 1317
222 Russell Street, Melbourne
$315,000
This is for the astute investor only, not for owner occupation…
Situated on the 13th floor, this is an outstanding fully furnished one bedroom apartment of 65 square meters with a North facing balcony of 7 square meters and is returning an impressive $431 per week.
* A rewarding, trouble free investment
* A superb landmark location
* No vacancies,
* No leasing or rent collection fees
* No body corporate fees or general maintenance costs
The “Mantra on Russell” is an outstanding property investment opportunity.
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 until 2011 with further options.
Current rent: $22,497 per annum ($1,874 pcm)
(Effective November 2011)
Return: 7%
Options: 3 x 5 year options
Outgoings:
Owner: Council and Water rates
$1,133 per annum (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.