514/1-3 Valentine Avenue, Parramatta NSW 2150

Fully serviced one bedroom apartment of 50sqm positioned on the corner of the prestigious Mantra Hotel and located on the 5th floor of the building offering luxurious modern inclusions throughout.

Currently leased to the Mantra hotel for a secured rental guaranteed net income of approx. $18,636 per annum or over 6.1% net pa with CPI increases of 4% every second year.

This 4.5 Star rated hotel boasting quality restaurant and bar, conference room, a magnificent swimming pool, gym, barbeque area, parking facilities and within walking distance to major amenities.

- Long term leases with lease options to 2041
- Fully furnished spacious one bedroom
- Modern bathroom and kitchenette
- Ducted air conditioning and 24 hours on site management
- Net monthly rent paid is $1553.00 (approx.)
- Fully maintained by the tenant, no Strata levies no Council or Water rates to pay.
- Perfect opportunity for long term investment or SMSF.
- Only minutes to Westfield shopping centre, station, bus, river and ferry wharf.