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

Apartment 1817
222 Russell Street, Melbourne

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

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

$416,000 (Private Sale)


Leased to the Mantra Group, situated on the 18th floor and with the preferred Northerly aspect, this is a modern one bedroom apartment of 65 square meters, with separate bedroom, bathroom, laundry facilities and open plan kitchen and lounge area. 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.

With Mantra offering an excellent rental of $520 per week, this top quality investment property is priced to sell. Leased until November 2016 with further options thereafter.

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: $27,066 per annum ($2,255 pcm) As of Nov 2013
(With annual 3% increases between market reviews)

Return: 6.5%

Options: 4 x 5 year options

Owner: Council and Water Rates
$1,500 per annum (Approx)

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

For further enquires, please call the agent.

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.