SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 716
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
$199,500 (Private Sale)
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION
This is an outstanding North facing studio apartment of 34 square meters offering the astute investor $271 per week from the Mantra Group. Located at the top end of Melbourne, this brilliant serviced apartment is of the highest quality and offers individuals the opportunity to secure a rewarding and trouble free investment. The apartment is currently leased until November 2016 with further options thereafter.
The new owner will have no vacancies, no leasing or rent collection fees, no owners corporate fees, insurance, general maintenance or refurbishment costs.
The “Mantra on Russell” is an outstanding property investment opportunity.
Current rent: $14,099 pa
(With annual 3% increases between Market Reviews)
Return: 7%
Options: 4 x 5 year options
Outgoings:
Owner: Council and Water Rates $1,600 per annum (approx)
Tenant: Owners Corporation Fees, Insurance, General Maintenance Refurbishment and Water Usage
For further enquires, please callthe 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.