806/1-3 Valentine Avenue, Parramatta NSW 2150

Harcourts Parramatta are proud to offer you this stylish fully furnished one bedroom apartment located in the heart of Parramatta's lively CBD and shopping precinct. Less than a 5 minute walk to Parramatta Railway station & Westfield Shopping centre.

Monthly gross rental income of $1,712.22 - permanent fixed minimum income "by Mantra".
Mantra pays for the strata fees, council rates & water rates and their own management fees are taken out before you get the net amount in your hand. Approx. $1,640.42 per month.

Lease term for this unit is five (5) Years X 3, with rental income increase of 4% (CPI) every 2 Years. It is currently leased through Mantra Hotels Apartments.

Total lot area is approximately 55m2 in size including the balcony. (No Car Space Included on This Lot)

Located on level 8 with South/East aspect. The property is offered for sale with a long term lease. You will not be able to live or move into this apartment. Mantra is a Serviced Hotel with furnished apartments for short or long term guest accommodation.

Features included: Outdoor swimming pool & spa, gymnasium room, Ivory Restaurant & Tantra Cocktail-Bar plus conference room/s, 24 hour reception plus internet service desk area.

The apartment comprises of modern furniture which is stylish & subtle. Separate one bedroom which is generous in size, with built-ins.

The bathroom and kitchen are wonderfully designed as they make tremendous use of the space. The apartment feels spacious and inviting, the kitchen has 2 X hot plates, range-hood, microwave & a large fridge plus mini-bar.

The bathroom has a granite counter top surrounding the large basin, a combined shower & bath plus internal laundry with dryer & washing appliances included.

Enjoy the balcony which allows the cross flow breeze throughout the unit. Ducted A/C system, intercom system and lift access to all levels including basement visitor parking is all included.

The location of this property is paramount; its personality lies in its surroundings. Parramatta is a vibrant City Centre currently undergoing a landmark progression development and gentrification, building renovations and new developments are on the rise.

The Parramatta River Bank will be undergoing a well-deserved face-lift as the City Centre is turning into a Metropolis, many businesses and corporations are moving offices to the area as the Western corridor grows and more homes are being built in the surrounding suburbs, residents no longer need to travel to Sydney's CBD.

Parramatta is growing and prices will rise to reflect its new status in the future.

Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, Harcourts Parramatta Real Estate, cannot guarantee its accuracy and interested persons should rely on their own inquiries.