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 apartments estimated net return is up to $34,649.20 = 5.4% net return through a specialised short term leasing company, there is no need to get involved with the management side of things in order to capitalise on the massive returns, let the short term management company handle everything for you and enjoy the income!
Note - the strata levies have changed to $2,844.30 p/q for a 3-year strata loan period (they were previously $1,995.60), factoring these strata levies in, the net return estimate would be up to $31,254.40 = 4.8%.
- Currently leased through Mantra hotel, with the flexibility to short term lease yourself or via a short term leasing agency
- Ability to use the apartment on occasion and short-term lease to generate income whilst not using it
- Well-appointed contemporary interiors, multi-purpose floorplan with two separate bathrooms and balconies
- Ducted air-conditioning throughout, spacious living and dining area, apartment is sold fully furnished and ready to go
- 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 - Council: $264 p/q, Water: $26.35 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.