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

Apartment 814 (Lot 817)

222 Russell Street, Melbourne

$327,000

THIS APARTMENT IS NOT FOR OWNER OCCUPATION – ONLY FOR INVESTORS…

Leased to the Mantra Group, situated on the 8th floor and on the front of the building, this is a modern West facing one bedroom apartment of 65 square meters, with separate bedroom, bathroom, and open plan kitchen and lounge area. Also featured is an 8 square meter West facing balcony. The building has an impressive pool and gym area, is in a fabulous Melbourne location in the heart of the China Town precinct of Melbourne, and also has a quality restaurant attached to the building – all making this a very attractive investment.

With Mantra offering an excellent rental of $411 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: $21,395 pa (Effective November 2009)
(With annual 3% increases until 2011)

Return: 6.6%

Options: 3 x 5 year options

Outgoings:
Owner: Council and water rates $1,020 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.