;
Sold Feb 2014
$199,500 - TOP SHELF ENTRY LEVEL INVESTMENT APARTMENT

716/222 RUSSELL Street, Melbourne, VIC 3000

1 bed 1 bath 0 car
Apartment

$190,000

1 / 8
716/222 RUSSELL Street has been Sold
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.
Features
Rooms: 2
What's Nearby
What's Nearby
Schools
Transport
Eats
Shopping
How much can I borrow?
$
%
$2245.22 /month
Before you see the big banks, get a FREE tailored home loan quote in minutes
SA1 - 2112222 Meet the Neighbours near 716/222 Russell Street
$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 716/222 RUSSELL Street, Melbourne, VIC 3000
Nick Walters
Nick Walters
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