$255,000

1

1

Mantra on Russell

ANOTHER APARTMENT SOLD BY NICK WALTERS OF KINGSFORD PROPERTY – THE SERVICED APARTMENT SPECIALISTS.

Please call me to discuss your property needs – 0438 557 885

We offer here a property of high standard and quality. This 9th floor East facing apartment is a large, modern studio apartment of 34 square meters, with separate bathroom, open plan kitchen and lounge area. The property also has a seven square meter East facing balcony. The building has good security, is in a prime Melbourne location in the heart of the China Town and theatre precinct of Melbourne, and also offers a gym, pool, spa, sauna, sun deck and quality restaurant and bar attached.

This is a rewarding, trouble free investment:-

* A superb landmark location
* A hassle free investment with no vacancies, no leasing or rent collection fees, no owner’s corporate fees or general maintenance or refurbishment costs to pay.

Securely leased to the Mantra Group until November 2016 with further options thereafter.

Current rent: $17,649 pa (Effective November 2015)
(With 3% annual increases between market reviews)

Return: 6.76%

Options: 4 x 5 year options

Annual Outgoings:
Owner:Council and Water Rates
$1,700 pa (approx)

Tenant:Body corporate fees, Insurance, General maintenance, Refurbishment and Water usage

906/222 Russell Street, MELBOURNE

$255,000

1

1

Description
Mantra on Russell

ANOTHER APARTMENT SOLD BY NICK WALTERS OF KINGSFORD PROPERTY – THE SERVICED APARTMENT SPECIALISTS.

Please call me to discuss your property needs – 0438 557 885

We offer here a property of high standard and quality. This 9th floor East facing apartment is a large, modern studio apartment of 34 square meters, with separate bathroom, open plan kitchen and lounge area. The property also has a seven square meter East facing balcony. The building has good security, is in a prime Melbourne location in the heart of the China Town and theatre precinct of Melbourne, and also offers a gym, pool, spa, sauna, sun deck and quality restaurant and bar attached.

This is a rewarding, trouble free investment:-

* A superb landmark location
* A hassle free investment with no vacancies, no leasing or rent collection fees, no owner’s corporate fees or general maintenance or refurbishment costs to pay.

Securely leased to the Mantra Group until November 2016 with further options thereafter.

Current rent: $17,649 pa (Effective November 2015)
(With 3% annual increases between market reviews)

Return: 6.76%

Options: 4 x 5 year options

Annual Outgoings:
Owner:Council and Water Rates
$1,700 pa (approx)

Tenant:Body corporate fees, Insurance, General maintenance, Refurbishment and Water usage

Agent Details
Agency Details
Kingsford Property

location

23 Coventry Street, Southbank, Victoria 3006

phone

Key Details
property ID 1396494
build size 34m2
Media
Location