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Apartment
·
for sale
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NET RETURN OF 5.7% 6.2%, BEAUTIFULLY RENOVATED
Circular Quay
· 1 Bedroom · 2 Baths · Apartment
· Equipped kitchen
Circular Quay · 1 Bedroom · 2 Baths · Apartment · Equipped kitchen
On offer is a high net returning, renovated 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 $40,918.18 = 6.2% net return on the asking price, plus there is scope for improvement. Note - the strata levies have changed to $2,960.30 p/q for a 3-year strata loan period (they were previously $2,077.10), factoring these strata levies in, the net return would be $37,385.38 = 5.7%. The above figures have been calculated on the original strata levies. - Renovated with new timber flooring, new paint, new kitchen doors, led lighting, new b
On offer is a high net returning, renovated 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 $40,918.18 = 6.2% net return on the asking price, plus there is scope for improvement. Note - the strata levies have changed to $2,960.30 p/q for a 3-year strata loan period (they were previously $2,077.10), factoring these strata levies in, the net return would be $37,385.38 = 5.7%. The above figures have been calculated on the original strata levies. - Renovated with new timber flooring, new paint, new kitchen doors, led lighting, new b
Request Details