Leased for a total of twenty five years with fifteen years remaining, this studio serviced apartment located in the highly sought after Mantra on Russell offers investors a strategic and hassle free addittion to their portfolio.

Measuring up at 42 sqm on the Eastern side of the building, this little gem is luxuriously appointed and fully furnished, features an 8 sqm balcony, a kitchenette, walk in robe, full ensuite, climate control and is constantly maintained in immaculate condition all year round.

No body corporate fees are payable at all by you either! All you are obligated to pay is council and water which totals $770pa.

What a deal!

The current rental return is $1353.54 per calendar month ($16,242.48 pa) equating into a solid 7.2% return gross and a very impressive 6.87% nett.

The income increases even further by 3% annually (each November) and in addition to this, there is a rental review as part of the lease agreement every five years and this is calculated with the current rental market and to date, there has never been a decrease and with rental incomes constantly increasing in the CBD, the liklihood of decrease is remote so your income is safe.

Facilities in the building include a spectacular 15 ft inground pool, spa bath, gym, sauna, restaurant and with large continual blue chip corporate clients with long term agreements in place.

GReat investment opportunity for the astute investor offerring a good solid yield with a minimum of outgoings.

INSPECT AS ADVERTISED. CONTACT AGENT FOR FURTHER DETAILS.

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 Professionals City Residential