FLEXIBLE INVESTMENT WITH STRONG RENTAL RETURN - Current Rental of $39,311.88 per annum
Description
An opportunity to own a solid, blue chip investment in the highly regarded Mantra building, near Circular Quay and ideally positioned with the light rail at your doorstep. The apartment is in the hotel pool with no management fees to pay, low strata, high net returns. The property provides certainty of income which rises with regular scheduled rental increases, an absolutely hassle free, quality investment.
Current Rental:
- Rental of $39,311.88 per annum currently
- Rental increases with CPI, August 2026 and August 2027
- Current lease to 11 August 2028
- Option for owners to exit lease before end of lease
Option to Rent external to Hotel:
- Rent as short term rental, either by yourself or by an agent
- Estimate of $58,000 - $63,000 per year, ( after agents costs/fees)
- Potential Net rental of 7.5 % - 8.2% based on above ( after agents fees, strata, water, council rates)
- Light open views overlooking Australia Square with Juliet balcony
- Well appointed, immaculately presented, cleverly designed floorplan
- Well proportioned, fully furnished + equipped, ducted air-conditioning
- Close to Circular Quay, The Rocks, fine dining restaurants and bars
- Rooftop pool and spa with stunning views, sun-deck & gym
- Perfect Northern CBD position, close to ASX and Wynyard Station
Outgoings: (approx.)
Strata: $1,312.82 per quarter
Council: $264.10 per quarter
Water: $211.09 per quarter
To enquire or inspect please contact Bryn Fowler 0423 663 663 or bryn@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.
Current Rental:
- Rental of $39,311.88 per annum currently
- Rental increases with CPI, August 2026 and August 2027
- Current lease to 11 August 2028
- Option for owners to exit lease before end of lease
Option to Rent external to Hotel:
- Rent as short term rental, either by yourself or by an agent
- Estimate of $58,000 - $63,000 per year, ( after agents costs/fees)
- Potential Net rental of 7.5 % - 8.2% based on above ( after agents fees, strata, water, council rates)
- Light open views overlooking Australia Square with Juliet balcony
- Well appointed, immaculately presented, cleverly designed floorplan
- Well proportioned, fully furnished + equipped, ducted air-conditioning
- Close to Circular Quay, The Rocks, fine dining restaurants and bars
- Rooftop pool and spa with stunning views, sun-deck & gym
- Perfect Northern CBD position, close to ASX and Wynyard Station
Outgoings: (approx.)
Strata: $1,312.82 per quarter
Council: $264.10 per quarter
Water: $211.09 per quarter
To enquire or inspect please contact Bryn Fowler 0423 663 663 or bryn@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.