1517/222 Russell Street

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.