2002/222 Russell Street, Melbourne VIC 3000

3-bedroom unit | rare CBD size | long-term owner community | prime Russell Street | established tower This three-bedroom unit occupies a scarce position in Melbourne’s CBD apartment market, where larger floorplans are consistently undersupplied. The building’s profile, with a meaningful share of long-term owners, supports a stable residential base that typically enhances value retention. For a buyer, this configuration serves well for owner-occupation seeking space in the core, or for investors targeting the premium rental bracket among professionals or families. The primary risk is the building’s 2000 construction and the capital works exposure from a 269-lot owners corporation, though established long-term ownership often indicates prudent financial management. Central Russell Street ensures enduring demand but exposes the property to short-term rental regulatory changes. Commercially, hold as a long-term core position, capitalizing on the size advantage where similar stock is rare. Use for stable rental income or as a city base for occupiers.