A unit on a lot in 8/SP57347 Sydney NSW. Based on comparable properties, we estimate its value at $515,000. Built in 1998, it has 1 bedroom, 1 bathroom.
MEDINA CLASSIC.. 10 year lease | Fully managed investment | Cash buyers only NOTE: This property is NOT suitable for first home buyers or owner occupiers - it is purely for investors as the property is subject to a 10 year lease expiring in December 2022..'Medina Classic Martin Place' is located between Martin Place and Hunter Street, in the blue chip northern CBD. This professionally managed, fully furnished, one bedroom serviced apartment is an ideal choice for self managed Super Funds and investors with cash seeking a hands free City residential apartment in a prime location.Owners receive monthly rent payments based on the pooled occupancy of all 49 apartments in the building. Monthly and annual summary statements are provided by the manager.* Rent entitlement financial year 2013 was $19,056.95 (less FF & E contribution of $1,512.23)* Rent entitlement financial year 2012 was $17,014.90 (less FF & E contribution of $1,649.38)* Rent entitlement financial year 2011 was $17,398.79 (less FF & E contribution of $1,629.47)* Tenant pays strata levies, council rates and water rates each year* 57 square metre one bedroom apartment approx 13 years old* Tastefully furnished and decorated throughout in a corporate style* Fully equipped timber and granite kitchen with s/steel appliances* Separate double bedroom with built-in wardrobes* Fully tiled bathroom; separate laundry; balcony* Ducted, individually controlled air-conditioningInspections can be arranged by appointment subject to Medina guest check out/room availability which varies each week.