SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 1503 (Lot 1506)
222 Russell Street, Melbourne
$306,000
FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
Leased to the Mantra Group and situated on the 15th floor, this is a modern East facing one bedroom apartment of 62 square meters, with separate bedroom, bathroom, and open plan kitchen and lounge area. Also featured is an 7 square meter East 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 attached to the building – all making this a very attractive investment.
With Mantra offering an excellent rental of $409 per week this top quality investment property is priced to sell.
Immaculately presented and also with the majority of outgoings paid for by the Mantra Group this is a worthy addition to your property portfolio.
Current rent: $21,285 per annum ($1,773 pcm)
(With annual 3% increases each Nov until 2011)
Return: 7%
Options: 3 x 5 year options
Outgoings:
Owner: Council and Water rates $1,170 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.