Lot 1411/222 Russell Street
Melbourne


$405,000

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OUTSTANDING LONG TERM INVESTMENT OPPORTUNITY


Commanding a prized position along Russell Street, this spacious serviced apartment presents an excellent opportunity for investors looking for a secure investment with a great return. Currently returning approx. $27,870.00 pa with a 3% increase every year for potentially the next 20 years. The tenant pays for all Body Corporate fees (excluding any levies if any).
Showcasing classic contemporary elegance throughout a surprisingly spacious floor plan.(Lot 1411 - Apartment 1408) The entrance leads into a generously proportioned living and dining area where down lighting and natural light enhance the sophisticated decor. With a sleek granite kitchen, stainless steel fixtures including a dishwasher, and ample cupboard space. There is also a superb queen-size bedroom with built-in robes, and ensuite.Features include a European laundry, ducted air-conditioning, plush drapes and quality carpet. The impeccably maintained building has video intercom entry to the granite foyer, a reception area, pool, gym, restaurant/bar and internal lift access.
With a secure lease to the Mantra hotel this apartment is a great buy for any investor.
Complete with impressive facilities you would expect from the Mantra Group, just footsteps from boutique shopping at QV Melbourne, Chinatown, a host of transport options and the theatre district.
Inspection is by appointment only by contacting Robert Eggers at Dingle Partners on 0412 329 340.

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