Apartment 716 222 Russell Street, Melbourne $199,500 (Private Sale) NB: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION This is an outstanding North facing studio apartment of 34 square meters offering the astute investor $271 per week from the Mantra Group. Located at the top end of Melbourne, this brilliant serviced apartment is of the highest quality and offers individuals the opportunity to secure a rewarding and trouble free investment. The apartment is currently leased until November 2016 with further options thereafter. The new owner will have no vacancies, no leasing or rent collection fees, no owner’s corporate fees, insurance, general maintenance or refurbishment costs. The "Mantra on Russell" is an outstanding property investment opportunity. Current rent: $14,099 pa (With annual 3% increases between Market Reviews) Return: 7% Options: 4 x 5 year options Outgoings: Owner: Council and Water Rates $1,600 per annum (approx) Tenant: Owners Corporation Fees, Insurance, General Maintenance Refurbishment and Water Usage For further enquires, please callthe 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.