$990,000

2 Bed  •  2 Bath  •  0 Car

Sydney Cove Property
Main view of Homely apartment listing, 1306/653 George Street, Sydney NSW 2000
Floorplan of Homely apartment listing, 1306/653 George Street, Sydney NSW 2000
Second view of Homely apartment listing, 1306/653 George Street, Sydney NSW 2000
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1306/653 George Street, Sydney NSW 2000

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$990,000

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Apartment description

“PROVEN NET RETURN OF 5.5% - PHENOMENAL CITY INVESTMENT”

On offer is a unique fully furnished, east facing apartment with a large entrainers terrace and far reaching city views. Located in the Mantra Sydney Central building 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 Capital 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 $55,288.56 = 5.5% net return on the asking price. Plus, there is scope for improvement.

- High estimated net returns via short term leasing management
- Large entertainers terrace with expansive views of the city skyline
- Including ducted air conditioning and internal washer/dryer
- Situated on level 13 in the Mantra Sydney Central building, light-filled interiors
- Flexibility to short term lease or lease through Mantra
- Option to lease and use the apartment yourself on occasion
- Security building with onsite restaurant and 24hr reception (with Mantra Lease)

*The property can only be used as a serviced apartment as the building is zoned for serviced apartments. The apartment cannot be owner occupied.

Call Brenden Taliana on 0402 634 828 or email [email protected].

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.

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