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

Apartment 1813 + Car Park
222 Russell Street,

$435,000 (Private Sale)

Another SOLD by Nick Walters of Kingsford Property Melbournes Serviced Apartment Specialists

Interested in selling? Call Nick discuss your options on 0438 557 885


Leased to the Mantra Group, situated on the 18th level and with the preferred Westerly aspect on the front of the building, this is a modern one bedroom apartment of 60 square meters, with separate bedroom, bathroom, laundry facilities and open plan kitchen and lounge area. This property also come with one secure under cover car park that is leased out privately.

The building has an impressive pool and gym area, is in a prime Melbourne location in the heart of the China Town precinct of Melbourne, and also has a quality restaurant and bar attached to the building – all making this a very attractive investment.

Mantra have lease options until 2026.

Offering an excellent rental of $606* 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: Apartment: $28,859 pa (Effective Nov 2014)
(With annual 3% increases between market reviews)

Car Park: $2,688 pa

(Total Annual Income of $31,547)

Return: 7.25%

Options: 2 x 5 year options

Owner: Council and Water Rates $2,465 pa (Approx)

Tenant: Owners Corporation Fees, Insurance, General Maintenance, Water Usage and Refurbishment Costs

For further enquires, please call us at Kingsford Property – the Serviced Apartment Specialists.

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. Prospective purchasers are advised to carry out their own investigations.