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Apartment
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for sale
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PROVEN NET RETURN OF UP TO 4.4% PHENOMENAL CITY INVESTMENT
South Sydney Municipality
· 1 Bedroom · 2 Baths · Apartment
South Sydney Municipality · 1 Bedroom · 2 Baths · Apartment
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 $29,655.15 = 4.4% net return on the asking price. Plus, there is scope for improvement. Note - the strata levies have changed to $2,921.70 p/q for a 3-year strata loan period (they were previously $2,049.90), factoring these strata levies in, the net return would be $26,167.95 = 3.9%. The above figures have been calculated on the original strata levies. - Ability to use the apartment on occasion and short-term lease to generate income whilst not usi
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 $29,655.15 = 4.4% net return on the asking price. Plus, there is scope for improvement. Note - the strata levies have changed to $2,921.70 p/q for a 3-year strata loan period (they were previously $2,049.90), factoring these strata levies in, the net return would be $26,167.95 = 3.9%. The above figures have been calculated on the original strata levies. - Ability to use the apartment on occasion and short-term lease to generate income whilst not usi
Request Details