PROVEN NET RETURN OF 4.2% - PHENOMENAL CITY INVESTMENT
Description
On offer is a high net returning apartment located in the Mantra Sydney Central building, which is 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 Capitol 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 $29,655.15 = 4.2% net return on the asking price. Plus, there is scope for improvement.
- Ability to use the apartment on occasion and short-term lease to generate income whilst not using it
- Flexibility to short term let or lease through Mantra, apartment is sold fully furnished and ready to go
- Well-appointed contemporary interiors, multi-purpose floorplan with two separate bathrooms and balconies
- Ducted air-conditioning throughout, spacious living and dining area, neat kitchenette space
- Located directly across from the Chinatown light rail, 24hr concierge (with Mantra Lease), on-site restaurant
- Footsteps to the Capital Theatre, easy walk to Town Hall Station, Darling Harbour and much more
- Outgoings - Strata: $2,049.90 p/q, Council: $264 p/q, Water: $27.03 p/q - approx.
*For investment only, the apartment cannot be lived in.
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 $29,655.15 = 4.2% net return on the asking price. Plus, there is scope for improvement.
- Ability to use the apartment on occasion and short-term lease to generate income whilst not using it
- Flexibility to short term let or lease through Mantra, apartment is sold fully furnished and ready to go
- Well-appointed contemporary interiors, multi-purpose floorplan with two separate bathrooms and balconies
- Ducted air-conditioning throughout, spacious living and dining area, neat kitchenette space
- Located directly across from the Chinatown light rail, 24hr concierge (with Mantra Lease), on-site restaurant
- Footsteps to the Capital Theatre, easy walk to Town Hall Station, Darling Harbour and much more
- Outgoings - Strata: $2,049.90 p/q, Council: $264 p/q, Water: $27.03 p/q - approx.
*For investment only, the apartment cannot be lived in.
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.