FULLY FURNISHED CITY NORTH SERVICED APARTMENT WITH SHORT-STAY APPROVAL & SEPARATE CAR SPACE
Description
CITY NORTH – Fully furnished serviced apartment / short term rental accommodation WITH security car space on separate title. Inventory includes television, bed linen, towels, hair dryer, iron, ironing board, kitchen appliances & utensils, crockery, cutlery & safe; (bluetooth) car space bollard. Suit savvy /sophisticated private investor (with specialist off-site short term rental accommodation manager).
MadeComfy “conservative” estimated income potential after management fees, online travel agent (OTA) fees and third party cleaning & housekeeping fees (including linen supply) assuming low season nightly rate of $191, shoulder season nightly rate of $224 and high season nightly rate of $279 (average night rate of $229) and 79% occupancy rate: $34,401pa ($662pw) EXCLUDING car space.
Key features include:
• End to end short term rental accommodation management proposal from MadeComfy available upon request (to qualified prospective purchasers).
• Current Sydney City Council Development Approval for use as serviced apartment (short term rental accommodation).
• Exempt from NSW Government short term accommodation letting (180 day cap per 365-day annual period) restrictions for non-hosted residential accommodation.
• Exempt from (mooted) Sydney City Council short term rental accommodation letting (60 day cap per 365-day annual period) restrictions for residential accommodation.
• Exempt from Revenue NSW parking space levy.
• No strata by-law short term rental accommodation restrictions.
• Niche market / price point // limited market competition.
• Proven historical demand from local, interstate and international free & independent travellers (FIT) and corporate (short term & fly in fly out (FIFO) market).
• Historical low vacancy rates / limited seasonal fluctuations.
• Popular short term accommodation during Christmas Eve, New Year’s Eve, Australia Day, Vivid Sydney, Mardi Gras and public holidays / long weekends.
• Also popular with ocean cruise (early departure / late arrival), theatre, Sydney Harbour BridgeClimb, Christmas parties and hens/bucks night guests.
• Potential high yield investment / Strong capital growth prospects, particularly if (mooted) Sydney City Council short term rental accommodation letting (60 day cap per 365-day annual period) restrictions are passed.
• Low maintenance and service costs.
• Relatively low strata levies (no pool, gym or business centre / 1 new lift).
• Reasonable capital works fund reserve.
Exceptionally positioned for a walk-everywhere city lifestyle:
• Convenient / central location: walk direct to Barangaroo, Crown Casino & Barangaroo Reserve (via Sussex Street Bridge & Napoleon Bridge), King Street Wharf, Cockle Bay, Millers Point, Walsh Bay (Roslyn Packer Theatre, Sydney Theatre & Sydney Dance Company Theatre), The Rocks (Sydney Harbour Bridge & The Rocks markets), Circular Quay (Opera House), Wynyard (O Bar & Restaurant) & Town Hall (Sydney Tower Eye & Pitt Street Mall).
• Walk to public transport: Wynyard (via Napoleon Plaza / Wynyard Walk Tunnel), Barangaroo (Metro) railway stations, Wynyard light rail station & various Sydney metropolitan bus services.
• Public transport (light rail) to Chinatown, Darling Harbour, Star Casino & Sydney Fish Markets.
Size: Unit 32sqm; Car space 16sqm
For Sale with Vacant Possession. Inspection by private appointment.
Outgoings (approx.):
Strata: $1,845 p/q
Water: $226 p/q
Council: $291 p/q
Please contact Monique Lavers on 0416 200 686 or monique@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.
MadeComfy “conservative” estimated income potential after management fees, online travel agent (OTA) fees and third party cleaning & housekeeping fees (including linen supply) assuming low season nightly rate of $191, shoulder season nightly rate of $224 and high season nightly rate of $279 (average night rate of $229) and 79% occupancy rate: $34,401pa ($662pw) EXCLUDING car space.
Key features include:
• End to end short term rental accommodation management proposal from MadeComfy available upon request (to qualified prospective purchasers).
• Current Sydney City Council Development Approval for use as serviced apartment (short term rental accommodation).
• Exempt from NSW Government short term accommodation letting (180 day cap per 365-day annual period) restrictions for non-hosted residential accommodation.
• Exempt from (mooted) Sydney City Council short term rental accommodation letting (60 day cap per 365-day annual period) restrictions for residential accommodation.
• Exempt from Revenue NSW parking space levy.
• No strata by-law short term rental accommodation restrictions.
• Niche market / price point // limited market competition.
• Proven historical demand from local, interstate and international free & independent travellers (FIT) and corporate (short term & fly in fly out (FIFO) market).
• Historical low vacancy rates / limited seasonal fluctuations.
• Popular short term accommodation during Christmas Eve, New Year’s Eve, Australia Day, Vivid Sydney, Mardi Gras and public holidays / long weekends.
• Also popular with ocean cruise (early departure / late arrival), theatre, Sydney Harbour BridgeClimb, Christmas parties and hens/bucks night guests.
• Potential high yield investment / Strong capital growth prospects, particularly if (mooted) Sydney City Council short term rental accommodation letting (60 day cap per 365-day annual period) restrictions are passed.
• Low maintenance and service costs.
• Relatively low strata levies (no pool, gym or business centre / 1 new lift).
• Reasonable capital works fund reserve.
Exceptionally positioned for a walk-everywhere city lifestyle:
• Convenient / central location: walk direct to Barangaroo, Crown Casino & Barangaroo Reserve (via Sussex Street Bridge & Napoleon Bridge), King Street Wharf, Cockle Bay, Millers Point, Walsh Bay (Roslyn Packer Theatre, Sydney Theatre & Sydney Dance Company Theatre), The Rocks (Sydney Harbour Bridge & The Rocks markets), Circular Quay (Opera House), Wynyard (O Bar & Restaurant) & Town Hall (Sydney Tower Eye & Pitt Street Mall).
• Walk to public transport: Wynyard (via Napoleon Plaza / Wynyard Walk Tunnel), Barangaroo (Metro) railway stations, Wynyard light rail station & various Sydney metropolitan bus services.
• Public transport (light rail) to Chinatown, Darling Harbour, Star Casino & Sydney Fish Markets.
Size: Unit 32sqm; Car space 16sqm
For Sale with Vacant Possession. Inspection by private appointment.
Outgoings (approx.):
Strata: $1,845 p/q
Water: $226 p/q
Council: $291 p/q
Please contact Monique Lavers on 0416 200 686 or monique@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.