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Short Term Rental Option, High Net Returns of 5.5% ( 10% gross, $1,000-$1,100 per week gross)

Description

A rare opportunity to achieve well beyond average rental returns with this well-presented one bedroom, serviced apartment in Mantra on Kent. You have the option to rent out as a short term rental with returns of $1,000-$1,100 per week, which means a NET return of 5.5% possible ( after strata, water, council rates, agency fees).

Contemporary in style this 44m2 serviced apartment is positioned in the heart of the CBD just off Market Street, an easy walk to Darling Harbour, Westfield Shopping Centre, Pitt Street Mall and Queen Victoria Building and Town Hall Station.

*East facing with city views, taking in heritage buildings and Centrepoint Tower
*Spacious living areas, well-proportioned interiors, great natural light
*Ducted air-conditioning throughout, modern bathroom with bath, furnished
*Option to place the apartment in the Mantra on Kent hotel pool if preferred
*Internal laundry with washing machine and dryer


Mantra on Kent (refurbished 2013) provides 24 hours desk reception, function and conference rooms, mezzanine cafe and serene outdoor courtyard.

Please note that this property cannot be owner occupied, investment only.

Contact Bryn Fowler 0423 663 663 for more details or a time to inspect.