1605/222 Russell StreetMelbourne VIC 3000
Property Details for 1605/222 Russell St, Melbourne
1605/222 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 42m2.
Last Listing description (July 2018)
Situated on the 16th floor with a stunning Southerly aspect is this extra large one bedroom apartment of some 67m2.
The huge open plan living/dining area has an adjoining fully equipped kitchen plus excellent natural light.
King sized bedroom with BIRs and sparkling ensuite including shower over bath and euro laundry.
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 - all making this a very attractive investment.
With Mantra offering an excellent rental of $548 per week, and minimal annual outgoings, this blue chip investment property would be a welcome addition to your investment portfolio.
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY. NOT FOR OWNER OCCUPATION.
RENT: $28,498 pa (Effective Nov 2017)
$548 per week (Approx)
INCREASE: Annual 3% increase between market reviews
RETURN: 6.26%
LEASE: Until Nov 2021
OPTIONS: 3 X 5 years
TENANT (Mantra) PAYS:
Owners corporation fees
Refurbishment
Water usage
Insurance
General maintenance
OWNER PAYS:
Council & Water rates:$2,500 pa (approx.)
For further details please contact Nick Walters of Kingsford Property - Melbourne's Serviced Apartment Specialists.
M: 0438 557 885
P: (03) 9682 6222
E: nick@kingsfordproperty.com.au
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
Property History for 1605/222 Russell St, Melbourne, VIC 3000
- 30 Jan 2018Listed for Sale $455,000
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0About 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 64,267 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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