$710,000

1 Bed  •  2 Bath  •  0 Car

Sydney Cove Property
Main view of Homely apartment listing, 701/653 George Street, Sydney NSW 2000
Floorplan of Homely apartment listing, 701/653 George Street, Sydney NSW 2000
Second view of Homely apartment listing, 701/653 George Street, Sydney NSW 2000
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701/653 George Street, Sydney NSW 2000

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$710,000

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Apartment description

“NET RETURN OF 6.6% - PHENOMENAL CITY INVESTMENT”

Presenting a fantastic opportunity to own an incredible apartment located in the premier Mantra Sydney Central building run by the world-renowned Accor group, perfect for SMSF or investors looking to get themselves a city bolthole. Secure an apartment in a building with a proven track record of incredibly high net returns. Positioned for walk-to-everything convenience with World Square shopping complex only a 160m stroll away and easy access to Belmore Park.

The apartment is currently leased via a short term rental agency and has achieved an annual net return (from October 2023 – October 2024) of $46,920.47 = 6.6% net return on the asking price, plus there is scope for improvement.

- 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: $1,821.40, 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

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