7.1% PROVEN NET RETURN
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 $32,637.51 = 7.6% net return on the asking price.
Note - the strata levies have changed to $1,685 p/q for a 3-year strata loan period (they were previously $1,182.30), factoring these strata levies in, the net return would be $30,626.71 = 7.1%. The above figures have been calculated on the original strata levies.
- Fully furnished, ready to go investment, start earning great returns straight away!
- Amazing flexibility to short term lease or lease through Mantra Hotel
- Option to lease out and use the apartment yourself on occasion
- West facing city views, modern kitchenette, built in wardrobe
- 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 $32,637.51 = 7.6% net return on the asking price.
Note - the strata levies have changed to $1,685 p/q for a 3-year strata loan period (they were previously $1,182.30), factoring these strata levies in, the net return would be $30,626.71 = 7.1%. The above figures have been calculated on the original strata levies.
- Fully furnished, ready to go investment, start earning great returns straight away!
- Amazing flexibility to short term lease or lease through Mantra Hotel
- Option to lease out and use the apartment yourself on occasion
- West facing city views, modern kitchenette, built in wardrobe
- 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.