Back 1613/222 Russell Street
Off Market

1613/222 Russell Street

Melbourne VIC 3000

1
1
Apartment
Russell TurnerRussell Turner, last sold this property on 20 May 2025 after 13 days on market.

Overview

Investors 7% return or owner occupy in the future

Showcasing a luxurious 62 sq m (approx.) apartment in the Hotel Mantra on Russell Melbourne; a premium development with exclusive onsite facilities. Securely leased to Saville Hotel Group Pty Ltd for a fixed one-year lease at $37,704.61per annum which ends on 31st October 2025, there is also a 4 x 1 year renewal option, 1st $38,835.75 pa; 2nd $40,000.82 pa; 3rd $41200.85 pa ; 4th $42,436.87 pa  making this a completely stress-free investment with a 7% return (approx.) with an percentage increase each option year. City professionals can wander home after a long day and enjoy the 16 th floor view before settling into the open-plan lounge/dining and stone kitchen with stainless steel appliances. Boasting a marble foyer with hotel concierge, there's a residents' gym, swimming pool, spa, sun terrace and executive lounge. Occupants will be thrilled to fill their days and nights with an array of fine dining, effervescent entertainment and endless shopping at Melbourne Central, QV, Lygon Street and Brunswick Street.  Luxurious 16th floor one bedroom apartment  Spread across 62 sq m approx.  Securely leased to Saville Hotel Group Large Balcony with inspiring city views Central heating/air-conditioning  A fully tiled bathroom with a stone vanity  Residents' gym, pool, spa, sun deck and executive lounge Owners Outgoings: OC $3,570; Water $1130; Council Rates $1523: State Tax 390

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 1613/222 Russell Street is $345k.

Median value
$345k
Estimated value range
$39k - $935k
Median days on market
37
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1613/222 Russell Street

2025
Sold
Undisclosed
Private Sale/Treaty on 20 May 2025 by Russell Turner, of Nelson Alexander Carlton North

Happy sellers in Melbourne

84%
84% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 133 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 580 one-bedroom apartments similar to 1613/222 Russell Street, have been sold.

This represents a 14% increase in one-bedroom apartments sales when compared to the previous 12 months.

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