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Sold Feb 2014
HUGE STUDIO APARTMENT - PRIME INVESTMENT OPPORTUNITY

905/222 Russell Street, Melbourne, VIC 3000

0 bed 1 bath 0 car
Studio

$245,000

905/222 Russell Street has been Sold
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 &#34Mantra on Russell&#34 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.
Features
Rooms: 1
What's Nearby
What's Nearby
Schools
Transport
Eats
Shopping
Comparable Sales
How much can I borrow?
$
%
$2245.22 /month
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SA1 - 2112222 Meet the Neighbours near 905/222 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 905/222 Russell Street, Melbourne, VIC 3000
Nick Walters
Nick Walters
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