508/653 George Street, Sydney, Nsw, 2000

On​ ​offer​ ​is​ ​a​ ​high​ ​net​ ​returning​ ​apartment​ ​located​ ​in​ ​the​ ​Mantra​ ​Sydney​ ​Central​ ​building,​ ​which​ ​is​ ​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​ ​Capitol​ ​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​ ​$29,655.15​ ​=​ ​4.2%​ ​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,​ ​apartment​ ​is​ ​sold​ ​fully​ ​furnished​ ​and​ ​ready​ ​to​ ​go​ ​
-​ ​Well-appointed​ ​contemporary​ ​interiors,​ ​multi-purpose​ ​floorplan​ ​with​ ​two​ ​separate​ ​bathrooms​ ​and​ ​balconies​ ​
-​ ​Ducted​ ​air-conditioning​ ​throughout,​ ​spacious​ ​living​ ​and​ ​dining​ ​area,​ ​neat​ ​kitchenette​ ​space​ ​
-​ ​Located​ ​directly​ ​across​ ​from​ ​the​ ​Chinatown​ ​light​ ​rail,​ ​24hr​ ​concierge​ ​(with​ ​Mantra​ ​Lease),​ ​on-site​ ​restaurant
-​ ​Footsteps​ ​to​ ​the​ ​Capital​ ​Theatre,​ ​easy​ ​walk​ ​to​ ​Town​ ​Hall​ ​Station,​ ​Darling​ ​Harbour​ ​and​ ​much​ ​more​ ​
-​ ​Outgoings​ ​-​ ​Strata:​ ​$2,049.90​ ​p/q,​ ​Council:​ ​$264​ ​p/q,​ ​Water:​ ​$27.03​ ​p/q​ ​-​ ​approx.

*For​ ​investment​ ​only,​ ​the​ ​apartment​ ​cannot​ ​be​ ​lived​ ​in.

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.