NB: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION We offer here an investment property of high standard and quality. The apartment is a large modern studio apartment of 42 square meters, with separate bathroom, open plan kitchen, lounge and bed area. The property also has an eight square meter East facing balcony. The building has good security, is in a fabulous Melbourne location in the heart of the China Town precinct of Melbourne, and also has a gym, pool, spa, sun deck and quality restaurant attached. This is a rewarding, trouble free investment returning $338 per week. * No Vacancies * No Management Fees * No Owners Corporate Fees * No Sinking Funds * No Maintenance Costs The "Mantra on Russell" is an outstanding hassle free property investment opportunity. Securely leased to the Mantra Group until November 2016 with further options thereafter. Current rent: $17,589 pa (With annual 3% increase between Market Reviews) Return: 6.75 % Options: 4 x 5 year options Outgoings: Owner: Council and water rates $1,600 pa (approx) Tenant: Owners Corporate Fees, Insurance, General Maintenance, Refurbishment and Water usage.
REVIEWS (16):"Well it's a hard place to get into but we went early just before 5 and had no problem. This place has so many 5 star reviews and is such a little gem we had..."read more
REVIEWS (20):"I don't know what it is about this place... Perhaps it's the delectable sugary, spicy popcorn that they serve with every lunch. Or perhaps its the creamy,..."read more
REVIEWS (24):"It's a shopping centre - what more is there to say (other than the shops here tend to be pretty high end). Okay, it's probably not one of the classiest..."read more
REVIEWS (28):"Kind of the same thing as Hosier Lane, as in you need to check it out if you're visiting or new to Melbourne. The minute you enter this little street it's..."read more