303/433 Kent Street,, Sydney NSW 2000

SOLD
Great Investment Opportunity - Solid Investment Return
The Mantra on Kent, is a superbly maintained building situated in the heart of Sydney CBD, minutes walk from Darling Harbour, Cockle Bay & King Street Wharf, Queen Victoria Building & City retail precinct, restaurants & live entertainment.
- Large East facing fully serviced 1 bedroom apartment.
- Generous 62 sqm layout.
- Open plan lounge, dining and study
- Air Conditioning, kitchenette and internal laundry.
- Interiors flow through sliding doors to a dual entry balcony.
The apartment is leased by Kent Street Suites Pty Ltd, trading as " Mantra on Kent".
SOLD
Net rent income after outgoings is $1,539.12 per month with CPI increases; the lease expires in Sep 2019.
After the lease expires, the owner can take over the management or appoint a real estate agent to mange the unit.
The tenant pays all outgoings.
Hotel style facilities include: 24 hour front desk reception, function and conference room, mezzanine café and serene outdoor courtyard.
The approximate outgoings
Strata: Admin $175.73 per month paid by the tenant
Sinking: $61.61 per month paid by the owner
Water: $180.40 per quarter paid by the tenant
Council: $194.35 per quarter paid by the tenant