PROVEN NET RETURN OF 5.5% - PHENOMENAL CITY INVESTMENT
Description
On offer is a unique fully furnished, east facing apartment with a large entrainers terrace and far reaching city views. Located in the Mantra Sydney Central building run by the world-renowned Accor group. An amazing opportunity to capitalise on massive net returns by leasing through a specialized short term leasing agency. Enjoy a hassle free, high preforming income generating mid-city asset, conveniently located only 100m walk from the Capital Theatre and footsteps away from the China Town light rail.
The apartment is currently leased via a short-term rental agency and has achieved an annual net return of $55,288.56 = 5.5% net return on the asking price. Plus, there is scope for improvement.
- High estimated net returns via short term leasing management
- Large entertainers terrace with expansive views of the city skyline
- Including ducted air conditioning and internal washer/dryer
- Situated on level 13 in the Mantra Sydney Central building, light-filled interiors
- Flexibility to short term lease or lease through Mantra
- Option to lease and use the apartment yourself on occasion
- Security building with onsite restaurant and 24hr reception (with Mantra Lease)
*The property can only be used as a serviced apartment as the building is zoned for serviced apartments. The apartment cannot be owner occupied.
Call Brenden Taliana on 0402 634 828 or email brenden@sydneycoveproperty.com.
All information contained herein is gathered from sources we deem to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
The apartment is currently leased via a short-term rental agency and has achieved an annual net return of $55,288.56 = 5.5% net return on the asking price. Plus, there is scope for improvement.
- High estimated net returns via short term leasing management
- Large entertainers terrace with expansive views of the city skyline
- Including ducted air conditioning and internal washer/dryer
- Situated on level 13 in the Mantra Sydney Central building, light-filled interiors
- Flexibility to short term lease or lease through Mantra
- Option to lease and use the apartment yourself on occasion
- Security building with onsite restaurant and 24hr reception (with Mantra Lease)
*The property can only be used as a serviced apartment as the building is zoned for serviced apartments. The apartment cannot be owner occupied.
Call Brenden Taliana on 0402 634 828 or email brenden@sydneycoveproperty.com.
All information contained herein is gathered from sources we deem to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.