508/653 George Street

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 = 4.4% net return on the asking price. Plus, there is scope for improvement. Note - the strata levies have changed to $2,921.70 p/q for a 3-year strata loan period (they were previously $2,049.90), factoring these strata levies in, the net return would be $26,167.95 = 3.9%. The above figures have been calculated on the original strata levies. - 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 - 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.