This stunning 1 large bedroom located in the highly sought after Mantra on Russell offers investors a strategic and hassle free addition to their portfolio. Leased for a total of twenty five years with fifteen years remaining.

Measuring up at 65 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 $1249pa.

What a deal!

The current rental return is $1794 per calendar month ($21,528 pa) equating into a solid 7.2% return gross and a very impressive 6.76% 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 likelihood of decrease is remote so your income is safe.

Facilities in the building include a spectacular 15 ft in ground 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 offering a good solid yield with a minimum of outgoings.

INSPECT AS ADVERTISED. CONTACT AGENT FOR FURTHER DETAILS.