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701/653 George Street, Sydney, NSW 2000, 1 Bedrooms, 2 Bathrooms, Apartment

$725,000

701/653 George Street, Sydney, NSW 2000

1
2
ApartmentListed on Tue Nov 19
Sydney CBDNearby train station

Sydney 1 Bedroom NET RETURN OF 6.5% - 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 of $46,920.47 = 6.5% 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.

Location

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Estimate

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Inner Sydney High School
1.14 km
Secondary
7-12
Government
icsea: 1113
Sydney Secondary College Blackwattle Bay Campus
1.61 km
Secondary
11-12
Government
icsea: 1094
Fort Street Public School
2.08 km
Primary
K-6
Government
icsea: 1105

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Sydney surrounding data

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Ref:a0EMp000000xBgzMAELast update:2024-12-02 06:05:25