1410/222 Russell Street

Melbourne VIC 3000

Leased to the Mantra Group, situated on the 14th level, and with the preferred Westerly aspect on the front of the building, 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 and theatre precincts of Melbourne, and also has a quality restaurant and bar attached to the building - all making this a very attractive investment. NB; THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION Offering an excellent rental of approximately $566 per week, this top quality investment property is priced to sell. The apartment is leased until November 2021 with further options thereafter. Immaculately presented and also with the majority of outgoings paid for by the Mantra Group - including refurbishment - this is a worthy addition to your property portfolio. Lease: Until November 2021 Options:3 x 5 year options Current rent: $29,439 pa (With annual 3% increases each November between market reviews) Return:6.5% (Gross) Outgoings: Owner: Council and Water Rates $2,096 per annum (Approx) Tenant:Owners Corporation Fees, Insurance, General Maintenance, Water Usage and Refurbishment Costs 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. Prospective purchasers are advised to carry out their own investigations.