612/222 Russell StreetMelbourne VIC 3000
Property Details for 612/222 Russell St, Melbourne
612/222 Russell St, Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 3115m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Last Listing description (April 2019)
Situated on level six and on the preferred North/Westerly corner of the building, this is a generous two bedroom apartment of approximately 88 square meters with open plan kitchen, dining and lounge area leading to a huge 49 square meter terrace. In addition to this, there are two large bedrooms with BIRs, central bathroom plus separate powder room.
A secure car park also comes with the apartment. This car park is separately titled and is leased out privately.
The property offers a heated pool, spa, sauna, gymnasium, sun deck, restaurant, bar ,and conference facilities. Added to this is a prime location in the heart of the Chinatown and theatre precincts on Melbourne.
Leased to the Mantra Group on a long term lease arrangement, this is a blue chip investment opportunity.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
RENT: Apartment: $41,328 pa
Car Park: $3,120 pa
TOTAL: $44,448 pa
INCREASE: 3% annual increase on apartment rent between market reviews
RETURN: 6.25% (Gross)
LEASE: Until November 2021
OPTIONS: 3 x 5 years
APARTMENT TENANT (Mantra) PAYS:
Owners Corporation fees
Refurbishment
Water usage
Insurance
General maintenance
OWNER PAYS:
Council Rates: $1,590 pa (Approx)
Water Rates:$1,000 pa (Approx)
Car Park OC: $315 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 612/222 Russell St, Melbourne, VIC 3000
- 12 Nov 2021Sold for $670,000
- 19 Feb 2019Listed for Sale $711,000
Recent sales nearby
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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 64,237 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:
- The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
- Houses have a median rent of $650 while Units have a median rent of $675.
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