614/1-3 Valentine Avenue, Parramatta NSW 2150

Unit 614, Mantra Parramatta -

Inspections available via private appointment, please contact the agent to arrange inspections.

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 $60,728* (Dec 23 - Nov 24) with the owner receiving 50% of the apartments revenue, minus expenses = $25,507.

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:

- 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: $1,329 per quarter approx.
Council: $187 per quarter aprrox.
Water: $165 per quarter approx.