SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
MANTRA ON RUSSELL
Apartment 1508 (Lot 1511)
222 Russell Street, Melbourne
$299,500
THIS PROPERTY IS FOR INVESTORS ONLY
This is a large beautifully appointed fully furnished one bedroom apartment of 67 square meters in one of Melbournes premier serviced apartment hotels. The Mantra on Russell complex offers five star appointments such as stunning pool area containing spa, sauna, gym and sundeck on the sixth level. A quality restaurant and bar area is also situated on the first floor. The building itself is ideally situated in heart of the theatre and China Town precincts of Melbourne.
Returning an impressive $409 PW with minimal outgoings and annual rental reviews.
This is a hassle free investment with 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.
Current rent: $21,283 per annum ($1,773 pcm) Approx
(Effective November 2008 with 3% annual increases until 2011)
Return: 7.1%
Options: 3 x 5 year options
Outgoings:
Owner: Council and water rates $1,127 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
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.