SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists

MANTRA ON RUSSELL

Apartment 1517
222 Russell Street, Melbourne

$299,500

THIS PROPERTY IS FOR INVESTORS ONLY

Situated on the 15th 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 $416 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: $21,679 per annum ($1,806 pcm)
(Effective November 2008 with 3% annual increases until 2011)

Return: 7.24%

Options: 3 x 5 year options

Outgoings:

Owner: Council and water rates $1,400 per annum (approx)

Tenant: Body corporate fees, Insurance, General maintenance and Water usage

For further enquires, please call:

Nick Walters of Kingsford Property

0438 557 885 or (03) 9682 6222

nick@kingsfordproperty.com.au

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.