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

Apartment 1706 (Lot 1709)
222 Russell Street, Melbourne

$230,000

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

We offer here a property of high standard and quality. This 17th floor East facing apartment is a large fully furnished modern studio apartment of 34 square meters, with separate bathroom, open plan kitchen and lounge area. The property also has a seven square meter East facing balcony from the lounge room. The building has good security, is in a fabulous Melbourne location in the heart of the China Town precinct of Melbourne, and also has a gym, pool, spa, sun deck and quality restaurant attached.

This is a rewarding, trouble free investment:-

* A superb landmark location
* 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.

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

Current rent: $16,181 pa
(Effective November 2009 with 3% annual increases each until 2011)

Return: 7%

Options: 3 x 5 year options

Outgoings:
Owner: Council and water rates $1,000 pa (approx)

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.