This property is a unit on a lot in 283/SP57556 Sydney NSW. Based on comparable properties, we estimate its value at $790,000. Constructed in 1998, featuring 1 bedroom, 1 bathroom.
Great Investment Opportunity with Guaranteed Income Centrally located within the Mantra Building on Bond Street, this well presented serviced apartment offers great investment opportunity with modest fees and a guaranteed annual income paid by hotel regardless of occupancy rates. Lease is signed with Saville Hotel till 2018 with options to renew till 2028. Flexibility to terminate the lease with 6 month notice and annual rent review each August.Features:- Spacious Open plan living and dining at 46sqm.- Central city location handy to Circular Quay, The Rocks, ASX and Wynyard Station.- The apartment also features secure keyless entry and is air-conditioned.- Hotel facilities including a rooftop pool, BBQ, gymnasium and spa.- Room service food & beverage services are available from the Lobby cafe.- Current Rental Income is $3,558.73 per month with rental review increase coming up in August.Approximate Outgoings:Strata: $860.43/pq for unit + $149.24/pq for carspaceCouncil: $202/pqWater: $180.35/pqContact:Mary Wang 0416 236 446 or 02 9289 [email protected]