$190,000 - $209,000
1 Bed • 1 Bath • 0 Car
New
126/1-3 Valentine Avenue, Parramatta NSW 2150
$190,000 - $209,000
- 1Bed
- 1Bath
- 0 Car
Apartment for sale
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What's around Valentine Avenue
Apartment description
“11% Gross Yield, Set & Forget Investment Opportunity - Mantra Parramatta”
Unit 126, Mantra Parramatta -
Inspections available via private appointment, please contact the agent to arrange inspections. Virtual Tour available via this advertisement, please click the link !
Presenting a fantastic opportunity to secure a set and forget investment with incredible returns located in the heart of the Parramatta CBD, perfect for a long term investment or self managed super fund (SMSF) acquisition.
This fully furnished hotel room is a managed investment asset currently leased to Mantra Hotels Parramatta generating a gross revenue of $52,601* within the last 12 months, with the owner receiving 50% of the apartments revenue, minus expenses.
Note: The monthly income is not fixed & can fluctuate with travel demand and use of the property.
Property Features Include:
- Spacious bedroom with large window and built in wardrobe
- Kitchenette with electric cooktop
- Bathroom with bathtub and tiled floor to ceiling
- Ducted air conditioning
- Building amenities include Gym, Pool, Spa, Sauna, Restaurant, Cocktail Bar, Conference rooms, internet desk
Investment Features include:
- Approx gross annual revenue of $52,601*
- Exclusive membership with Accors Partnership Program
- Exclusive use of the property 14 nights per annum with access to building amenities
- Hassle free passive income stream with full management decisions made on your behalf - set & forget !
- Inventory of furniture included with the sale of the property
Note: This property is zoned for short term letting and can not be lived in fulltime - for investment purchase only.
Outgoings -
Strata: $1,402 per quarter approx.
Council: $212 per quarter aprrox.
Water: $180 per quarter approx.
Property features
Air Conditioning
Built-in Robes
Furnished
Pool
Other features
Close to Schools, Close to Shops, Close to Transport, Heating, Lift Installed, Pool, Security AccessWhat's around Valentine Avenue
Inspection times
Contact the real estate agent
Tom Jones
Village Property
Send an enquiry
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