This is an ideal opportunity for investors to secure a fully furnished and spacious 30 sqm loft-style studio apartment in Ultimo-one of Sydney's most sought-after rental locations.
Perfectly positioned directly opposite Broadway Shopping Centre and just a short walk to the University of Sydney, UTS, Ultimo TAFE, and Notre Dame, the apartment benefits from consistent, year-round rental demand. The property is already tenanted, delivering instant and reliable rental income.
Investment Breakdown:
Gross Rental Income: $500 per week, approximately $26,000 per year
Strata Fees: $3,995 per quarter, or $15,980 annually
Council Rates: Approximately $277.25 per quarter, or $1,109 annually
Water Rates: Approximately $213 per quarter, or $852 annually
Total Outgoings: Approximately $17,941 per year
Net Annual Income: $8,059
Net Return: 4% - 4.7%*
*based on $170,000 - $200,000 price guide
