Exclusive apartment with a brilliant 6.7% return. Occupying a coveted address in the vibrant heart of Melbourne's CBD, this superb one-bedroom serviced apartment is perched upon Level 12 of the popular 'Mantra on Russell' building. Set against a dramatic city backdrop including the laneways of Chinatown below, its spacious open plan design encompasses elegant modern interiors ideal for low maintenance executive living.Private and quiet, it boasts exceptional residents' facilities and an ultra-convenient location footsteps from boutique shops at QV Melbourne, a host of bars and restaurants, transport options and the theatre district.A great CBD investment for SMSF buyers or for overseas investors looking for a high return, it currently has a gross rental return of $25,824 pa and a lease in place which commenced in November 2011 with 3 % CPI increases per year.In addition, owners corporation fees are paid on your behalf for the apartment. A car space is available with this property at an extra cost.The entrance leads directly into a generous living and dining area with large windows affording city views across Chinatown to Eureka Tower. Nearby is the sleek granite kitchen with stainless steel appliances including a dishwasher. Accommodation is completed by a bright double bedroom with built-ins, city views and a pristine granite ensuite with a shower over a bath.This outstanding abode features a European laundry, ducted reverse cycle air-conditioning, high ceilings, cloak storage and a secure basement car space on title. Maintained to the highest standards, the building provides video intercom entry to the granite foyer, a reception area, pool, gymnasium, restaurant/bar, function rooms and lift access.