SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
Apartment 902 (Lot 905)
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
$344,000
Leased to the Mantra Group, situated on the 9th floor and with the preferred Northerly aspect, this is a modern one bedroom apartment of 67 square meters, with separate bedroom, bathroom, and open plan kitchen and lounge area.
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 and bar attached to the building – all making this a very attractive investment.
With Mantra offering an excellent rental of $445 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: $23,222 per annum ($1,935 pcm)
(With annual 3% increases between market reviews)
Return: 6.75%
Options: 4 x 5 year options
Outgoings:
Owner: Council and Water Rates $1,625 pa(Approx)
Tenant: Body Corporate 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.