516/1-3 Valentine Avenue, Parramatta, Parramatta (Northwest suburbs)

Unit 516, Mantra Parramatta -

Inspections available via private appointment, please contact the agent to arrange inspections. Virtual Tour available via this advertisement, please click the link !

Presenting a fantastic opportunity to secure a set and forget investment with incredible returns located in the heart of the Parramatta CBD, perfect for a long term investment or self managed super fund (SMSF) acquisition.

This fully furnished hotel room is a managed investment asset currently leased to Mantra Hotels Parramatta generating a gross revenue of $46,340* within the last 12 months, with the owner receiving 50% of the apartments revenue, minus expenses.

Note: The monthly income is not fixed & can fluctuate with travel demand and use of the property.

Property Features Include:

- Spacious bedroom with large window and built in wardrobe

- Kitchenette with electric cooktop

- Bathroom with bathtub and tiled floor to ceiling

- Ducted air conditioning

- Building amenities include Gym, Pool, Spa, Sauna, Restaurant, Cocktail Bar, Conference rooms, internet desk

Investment Features include:

- Approx gross annual revenue of $46,340*

- Exclusive membership with Accors Partnership Program

- Exclusive use of the property 14 nights per annum with access to building amenities

- Hassle free passive income stream with full management decisions made on your behalf - set & forget !

- Inventory of furniture included with the sale of the property

Note: This property is zoned for short term letting and can not be lived in fulltime - for investment purchase only.

Outgoings -

Strata: $1,402 per quarter approx.

Council: $212 per quarter aprrox.

Water: $180 per quarter approx.