1613/222 Russell Street, Melbourne, VIC, 3000 - Apartment Sold on 20 05 2025

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Melbourne

SoldMay 20, 2025

1613/222 Russell Street, Melbourne, VIC, 3000

Amount undisclosed

Apartment

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14 days on the market

Sold: May 20, 2025

What's around 1613/222 Russell Street

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