501/653 George Street, Sydney NSW 2000

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 $40,503.49 = 5.7% net return on the asking price, plus there is scope for big improvement given the recent renovations completed on the apartment. The apartment is estimated to generate a net return of up to $56,595.24 p/a (approx.) with the new renovations.

- Recently renovated with new timber flooring, new paint, new kitchen doors, led lighting, new blinds and curtains, new sofa bed and more
- Ability to use the apartment on occasion and short term lease to generate income whilst not using it
- Flexibility to short term let or lease through Mantra, fully furnished
- Well appointed, contemporary interiors with two balconies and two bathrooms
- Centrally located building, 24hr concierge (with Mantra Lease), on-site restaurant
- Footsteps to the Capital Theatre, easy walk to Town Hall Station
- Strata: $1,731, Council: $242.80, Water: $21.64 – p/q approx.

*For investment only, the apartment cannot be lived in.

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.