Lot 1704/222 Russell Street
Melbourne


$477,000

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Property Features


Property ID: 3301676

Balcony
Dishwasher
Ensuite
Reverse Cycle AirCon
Secure Parking

Outstanding Mantra on Russell Investment Opportunity


With a secure long term lease (5+5+5+5) to the Mantra Hotel Group, this spacious serviced apartment also includes a car park with a 5+5 year lease certainly presents a first class opportunity for investors to secure a worry free prime investment property in this tightly held complex with high rental returns. Currently a total gross rental of $35,231.76 pa with 3% annual increases between 5 year Market Reviews and the tenant paying Owners Corporation fees (excluding any levies).

Being Lot 1704 - Apartment 1701 and superbly positioned featuring a quality contemporary elegance, a surprisingly spacious floor plan and a northerly aspect. Comprising a most generous open plan living and dining area with access to a large balcony, a designated well appointed kitchen area and a Euro style laundry. The double sized bedroom also has balcony access, built in robes and a fully tiled en suite bathroom.Features also include central heating and cooling, a secure car park (Lot 147) and access to building facilities including pool, gym, sauna and in-house restaurant.

A brilliant location close to the theatre district, Chinatown, boutique shopping, QV Melbourne and a host of transport options.