1803/222 Russell StreetMelbourne VIC 3000
Property Details for 1803/222 Russell St, Melbourne
1803/222 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 62m2. While the property is not currently for sale or for rent, it was last sold in September 2008.
Last Listing description (September 2008)
HASSLE FREE INVESTMENT PROPERTY - ENJOY $306 PER WEEK RENT - INSPECTION WILL IMPRESS...
‘MANTRA ON RUSSELL’
APARTMENT 1806 (LOT 1809)
$210,000
WE OFFER HERE A PROPERTY OF HIGH STANDARD AND QUALITY. THE APARTMENT IS A LARGE FULLY FURNISHED MODERN STUDIO APARTMENT OF 34 SQUARE METERS, WITH SEPARATE BATHROOM, OPEN PLAN KITCHEN AND LOUNGE AREA. THE PROPERTY ALSO HAS A SEVEN SQUARE METER EAST FACING BALCONY FROM THE LOUNGE ROOM. 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:-
* A SUPERB LANDMARK LOCATION
* A HASSLE FREE INVESTMENT WITH NO VACANCIES, NO LEASING OR RENT COLLECTION FEES, NO BODY CORPORATE FEES OR GENERAL MAINTENANCE COSTS
THE MANTRA ON RUSSELL IS AN OUTSTANDING PROPERTY INVESTMENT OPPORTUNITY.
SECURELY LEASED TO THE MANTRA GROUP UNTIL 2011 WITH FURTHER OPTIONS THEREAFTER.
CURRENT RENT: $15,943PA
(EFFECTIVE NOVEMBER 2008 WITH 3% ANNUAL INCREASES EACH NOVEMBER UNTIL 2011)
RETURN: 7.6%
OPTIONS: 3 X 5 YEAR OPTIONS
OUTGOINGS:
OWNER: COUNCIL AND WATER RATES $1,200 PA (APPROX)
TENANT: BODY CORPORATE FEES, INSURANCE, GENERAL MAINTENANCE AND WATER USAGE
FOR FURTHER ENQUIRES, PLEASE CALL:
NICK WALTERS OF KINGSFORD PROPERTY
(03) 9682 6222 OR 0438 557 885
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.
ADDITIONAL FEATURE - 7 SUARE METER BALCONY.
Property History for 1803/222 Russell St, Melbourne, VIC 3000
- 26 Sep 2008Sold for $203,000
- 03 Jul 2008Sold for $272,000
- 13 Jun 2008Listed for Sale 210000
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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 64,266 properties.
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