SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 1417 Plus Car Park
222 Russell Street, Melbourne
$410,000 (Private Sale)
PLEASE NOTE: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
Situated on Level 14, this is an outstanding one bedroom apartment of 65 square meters with a North facing balcony of 7 square meters.
The apartment and car park is presently returning an impressive $568 per week.
* A superb landmark location
* No vacancies,
* No leasing or rent collection fees
* No body corporate fees or general maintenance costs
* No refurbishment 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 2016 with further options.
Current rent: $29,587 per annum ($2,465 pcm) As of November 2012
(With annual 3% increases between market reviews)
Return: 7.2%
Options: 4 x 5 year options
Outgoings:
Owner: Council and Water rates: $1,520 per annum (approx)
Tenant: Body corporate fees, Insurance, General maintenance and Water usage
For further inquiries about this impressive apartment or about the lease, please contact 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.