1602/653 George Street, Sydney, Nsw, 2000

On​ ​offer​ ​is​ ​a​ ​renovated,​ ​fully​ ​furnished,​ ​north,​ ​east​ ​&​ ​west​ ​facing,​ ​high​ ​floor​ ​apartment​ ​with​ ​far​ ​reaching​ ​city​ ​views.​ ​Located​ ​in​ ​the​ ​Mantra​ ​Sydney​ ​Central​ ​building​ ​run​ ​by​ ​the​ ​world-renowned​ ​Accor​ ​group.​ ​An​ ​amazing​ ​opportunity​ ​to​ ​capitalise​ ​on​ ​massive​ ​net​ ​returns​ ​by​ ​leasing​ ​through​ ​a​ ​specialized​ ​short​ ​term​ ​leasing​ ​agency.​ ​Enjoy​ ​a​ ​hassle​ ​free,​ ​high​ ​preforming​ ​income​ ​generating​ ​mid-city​ ​asset,​ ​conveniently​ ​located​ ​only​ ​100m​ ​walk​ ​from​ ​the​ ​Capital​ ​Theatre​ ​and​ ​footsteps​ ​away​ ​from​ ​the​ ​China​ ​Town​ ​light​ ​rail.

The​ ​apartment​ ​is​ ​currently​ ​leased​ ​via​ ​a​ ​short-term​ ​rental​ ​agency​ ​and​ ​has​ ​achieved​ ​an​ ​annual​ ​net​ ​return​ ​of​ ​$56,506.37​ ​=​ ​5.7%​ ​net​ ​return​ ​on​ ​the​ ​asking​ ​price.​ ​Plus,​ ​there​ ​is​ ​scope​ ​for​ ​improvement.

-​ ​Renovated​ ​with​ ​hybrid​ ​flooring,​ ​kitchen​ ​joinery​ ​and​ ​upgraded​ ​appliances​ ​such​ ​as​ ​fridge,​ ​cooktop​ ​and​ ​washer/dryer
-​ ​Fully​ ​furnished​ ​with​ ​updated​ ​furniture​ ​such​ ​as​ ​beds,​ ​couches,​ ​dining​ ​table,​ ​chairs,​ ​bedside​ ​tables​ ​and​ ​lamps
-​ ​High​ ​up​ ​on​ ​level​ ​16​ ​in​ ​the​ ​Mantra​ ​Sydney​ ​Central​ ​building,​ ​light-filled​ ​interiors
-​ ​Flexibility​ ​to​ ​short​ ​term​ ​lease​ ​or​ ​lease​ ​through​ ​Mantra
-​ ​Option​ ​to​ ​lease​ ​and​ ​use​ ​the​ ​apartment​ ​yourself​ ​on​ ​occasion
-​ ​Two​ ​generous​ ​balconies​ ​capturing​ ​Incredible​ ​district​ ​views
-​ ​Security​ ​building​ ​with​ ​onsite​ ​restaurant​ ​and​ ​24hr​ ​reception​ ​(with​ ​Mantra​ ​Lease)​ ​

*The​ ​property​ ​can​ ​only​ ​be​ ​used​ ​as​ ​a​ ​serviced​ ​apartment​ ​as​ ​the​ ​building​ ​is​ ​zoned​ ​for​ ​serviced​ ​apartments.​ ​The​ ​apartment​ ​cannot​ ​be​ ​owner​ ​occupied.

Call​ ​Brenden​ ​Taliana​ ​on​ ​0402​ ​634​ ​828​ ​or​ ​email​ ​brenden@sydneycoveproperty.com

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.