On offer is a high net returning, renovated apartment located in the Mantra Sydney Central building, which is run by the world-renowned Accor group. An amazing opportunity to capitalise on massive net returns by leasing through a specialized short term leasing agency. Enjoy a hassle free, high preforming income generating mid-city asset, conveniently located only 100m walk from the Capitol Theatre and footsteps away from the China Town light rail.
The apartment is currently leased via a short term rental agency and has achieved an annual net return of $40,210.82 = 6.1% net return on the asking price, plus there is scope for improvement given the recent renovations completed on the apartment.
Note - the strata levies have changed to $2,960.30 p/q for a 3-year strata loan period (they were previously $2,077.10), factoring these strata levies in, the net return would be $36,678.02 = 5.6%. The above figures have been calculated on the original strata levies.
- Recently renovated with new timber flooring, new paint, new kitchen doors, led lighting, new blinds and curtains, new sofa bed and more
- 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
- Council: $242.80, Water: $21.64 p/q approx.
Comparable Sale - apartment 701 which is the same floorplan and unrenovated sold for $700k in August 2025. This apartment (501) has had extensive renovations.
*For investment only, the apartment cannot be lived in.
Call Brenden Taliana on 0402 634 828 or email brenden@sydneycoveproperty.com.
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.
