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
Owner: Council and water rates $1,600 pa (approx)
Tenant: Owners Corporate Fees, Insurance, General Maintenance, Refurbishment and Water usage.