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

Apartment 1607

222 Russell Street, Melbourne

$321,000

THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION…

We offer here an impeccable as new 16th floor 1 bedroom apartment with fabulous long easterly views. Extra large at 62 square meters with quality fixtures and fittings, generous 7 square meter balcony and a secure long term lease.

Currently returning an impressive $426 PW with minimal outgoings.

This is an excellent opportunity to purchase prime property in this highly regarded development.

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 a prime opportunity for the astute investor.

Securely leased to the Mantra Group until 2011 with further options.

Current rent: $22,168 pa (Effective November 2009)

Return: 6.9%

Options: 3 x 5 year options

Outgoings:
Owner: Council and water rates $1,400 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
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.