1517/222 Russell StreetMelbourne VIC 3000
Property Details for 1517/222 Russell St, Melbourne
1517/222 Russell St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 3115m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in June 2009.
Last Listing description (May 2026)
Enjoy the benefits of secure lease until 2029 with this prime one bedroom serviced apartment Situated on the 15th floor and with a preferred Northerly aspect is this generous one bedroom apartment measuring some 65m2. The huge open plan living/dining area has an adjoining fully equipped kitchen plus excellent natural light. King sized bedroom with BIRs and sparkling en suite including shower over bath and euro laundry. There is also a 7 square meter balcony which is accessible from the lounge.
The property offers a heated pool, spa, sauna, gym and sun deck, plus a quality restaurant and bar on Level One and good security. The building is in a fantastic Melbourne location in the heart of the Chinatown and theatre precincts all making this a very desirable investment choice.
Leased to the Mantra Group on a rolling one year lease until October 2029, this investment opportunity is worthy of consideration for your property portfolio.
Owners can occupy this apartment from November 2029.
IMPORTANT INFORMATION:
RENT: $37,027pa
($710 per week approx.)
INCREASE: Annual 3% increases in November
RETURN: 9.7% (Gross)
8.3% (Nett)
LEASE: Until October 2026
OPTIONS: 3 x 1 years
TENANT (Mantra) PAYS:
Owners Corporation Admin Fees
Insurance
General maintenance
APPROXIMATE OWNER OUTGOINGS:
OC Maintenance: $1,037 pa
Utilities Levy: 1,704 pa
Council Rates: $1,725 pa
Water Rates: $1,129 pa
Inspection is by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
Nick@kingsfordproperty.com.au
Disclaimer: 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. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.
Property History for 1517/222 Russell St, Melbourne, VIC 3000
- 18 May 2026Listed for Sale $380,000
- 16 Jun 2009Sold for $300,000
- 16 Jun 2009Sold for $300,000
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,328 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:
- The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
- Houses have a median rent of $700 while Units have a median rent of $675.
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