NOW 6.9% RETURN - SMSF SPECIAL - QUALITY INVESTMENT APARTMENT Apartment 1004222 Russell Street, Melbourne$239,000 (Private Sale)N.B. THIS IS FOR ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION.We offer here a property of high standard and quality. The apartment is a large modern studio apartment of 34 square meters, with separate bathroom, open plan kitchenette and lounge area. The property also has a seven square meter East facing balcony.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 - immaculately presented and also with the majority of outgoings paid for by the Mantra Group, this is a worthy addition to your property portfolio. Leased until November 2016 with further options thereafter.With Mantra offering an excellent rental of $315 per week this top quality investment property is priced to sell.Current rent: $16,429 pa (Approx)(With 3% annual increases each October until 2016)Return: 6.9 %Options: 4 x 5 year optionsOutgoings:Owner: Council and water rates $1,200 pa (approx)Tenant (Mantra): Body corporate fees, Insurance, General maintenance and Water usageFor further enquires, please call the agent...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.