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Sold Oct 2013
EARN $520/ WEEK - STUNNING 18TH FLOOR INVESTMENT APARTMENT

1817/222 Russell Street, Melbourne, VIC 3000

1 bed 1 bath 0 car
Apartment

$400,000

1817/222 Russell Street has been Sold
N.B.THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
Leased to the Mantra Group, situated on the 18th floor and with the preferred Northerly aspect, this is a modern one bedroom apartment of 65 square meters, with separate bedroom, bathroom, laundry facilities and open plan kitchen and lounge area. The building has an impressive pool and gym area, is in a prime 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 $520 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: $27,066 per annum ($2,255 pcm) As of Nov 2013
(With annual 3% increases between market reviews)
Return: 6.5%
Options: 4 x 5 year options
Outgoings:
Owner: Council and Water Rates
$1,500 per annum (Approx)
Tenant: Owners Corporation Fees, Insurance, General Maintenance, Water Usage and Refurbishment Costs
Features
Floor Area: 65sqm
Rooms: 2
What's Nearby
What's Nearby
Schools
Transport
Eats
Shopping
Comparable Sales
See what properties like this have been selling for
Meet the Neighbours near 1817/222 Russell Street SA1 - 2112222 See demographic, employment and income info about the people living in this part of Melbourne
$1,905
Monthly Personal Income
$3,915
Monthly Household Income
$1,920
Monthly Mortgage Repayments
The average age is 27
Majority are Couples without children
Most residents Renting
Weekly Income
Pocket
Melbourne
Employed as Accommodation and food services
Accommodation and food services
Professional scientific and technical services
Retail trade
Financial and insurance services
Health care and social assistance
Pocket Profile
Ask Nick about 1817/222 Russell Street, Melbourne, VIC 3000
Nick Walters
Nick Walters
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