1517/222 Russell Street, Melbourne, Vic 3000

For Sale

1517/222 Russell Street, Melbourne, Vic 3000-Image

1517/222 Russell Street, Melbourne, Vic 3000

$380,000

Apartment

Type

Bedrooms

Bathrooms

7 m²

Area

Published on Monday, May 18, 2026 ( See property details for 1517/222 Russell Street, Melbourne, Vic 3000)

$380,000

Nick Walters - Real Estate Agent - Kingsford Property - SOUTH YARRA

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern one-bedroom serviced apartment in Melbourne's vibrant Chinatown, offering resort-style amenities and a secure lease until 2029, ideal for investors or future owner-occupiers.

🏡 Property Highlights

Prime 15th-floor apartment with a preferred Northerly aspect
Secure lease until October 2029 with a reputable tenant (Mantra Group)
Generous 65m2 open-plan living/dining area with natural light
Resort-style amenities including heated pool, spa, sauna, gym, and sun deck
Excellent location in Melbourne's Chinatown and theatre precincts
Potential for owner occupation from November 2029

✨ Key Features

Open-Plan Living
Balcony
Ensuite
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Waterfront / Views
Built-in Robes
Outdoor Area
Home Office / Study

Suburb and Property Insights of Melbourne, VIC 3000

Located in Melbourne's vibrant CBD, this apartment offers unparalleled access to Chinatown, theatre districts, and entertainment venues. The area boasts excellent walkability, diverse dining options, and cultural attractions. Its central position ensures easy access to public transport and city amenities. The neighbourhood is renowned for its lively atmosphere and cosmopolitan lifestyle. Perfect for those seeking a dynamic urban living experience.

Frequently Asked Questions

What are the key features of this apartment?

This apartment features a spacious open-plan living and dining area, a king-sized bedroom with built-in robes, an ensuite bathroom, a balcony, and access to resort-style amenities including a heated pool, spa, sauna, gym, and sun deck.

Is the apartment currently leased, and what is the rental income?

Yes, the apartment is leased to the Mantra Group until October 2029, generating an annual rent of $37,027, approximately $710 per week.

What are the future owner options for this property?

Owners can occupy the apartment from November 2029, after the current lease term ends.

What amenities are available within the building?

Residents have access to a heated pool, spa, sauna, gym, sun deck, and a quality restaurant and bar on Level One, with good security features.

What are the approximate annual outgoing costs for owners?

The approximate owner outgoings include Owners Corporation maintenance of $1,037, utilities levy of $1,704, council rates of $1,725, and water rates of $1,129 per annum.

What to ask about this property to agent?

Are there any upcoming strata or building maintenance works scheduled that could affect costs or access? Has the building been recently inspected for structural or pest issues? Are there any restrictions or easements affecting the property? What are the long-term plans for the building or surrounding area that could impact value? Is the property compliant with all local building and safety regulations? Are there any planned developments or zoning changes in the vicinity? What are the total costs involved in purchasing, including stamp duty and legal fees? Are there any known issues with the building's amenities or services? Is there any history of flooding or bushfire risk in this area? What are the terms of the lease renewal options and potential rent increases?

1517/222 Russell Street, Melbourne, Vic 3000 - More Details

$380,000

Type: Apartment
Bedrooms: 1
Bathrooms: 1
Area: 7 m²
House Size: 65 m²

1517/222 Russell Street, Melbourne, Vic 3000 - Point Of Interest

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