$185,000
1 Bed • 1 Bath • 0 Car
New
Sold
Sold
516/1-3 Valentine Avenue, Parramatta NSW 2150
$185,000
- 1Bed
- 1Bath
- 0 Car
Apartment Sold on Mon 15 Apr, 2024
What's around Valentine Avenue
Apartment description
“Affordable Entry Into Sydney Property Market - Mantra Hotel Invesment”
Unit 516, 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 $46,340* 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 $46,340*
- 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
Alarm System
Built-in Robes
Ensuites: 1
Furnished
Intercom
Pool
Other features
Area Views, Close to Schools, Close to Shops, Close to Transport, Heating, Lift Installed, PoolWhat's around Valentine Avenue
Contact the real estate agent
Thomas (Tom) Jones
Village Property
Send an enquiry
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