This is an ideal opportunity for investors to secure a fully furnished and spacious 30 sqm loft-style studio apartment in Ultimo-one of Sydney's most sought-after rental locations.
Perfectly positioned directly opposite Broadway Shopping Centre and just a short walk to the University of Sydney, UTS, Ultimo TAFE, and Notre Dame, the apartment benefits from consistent, year-round rental demand. The property is already tenanted, delivering instant and reliable rental income.
Investment Breakdown:
Gross Rental Income: $550 per week, approximately $26,400 per year
- Strata Fees: $3,011.36 per quarter, or $12,045.44 annually
- Council Rates: Approximately $277.30 per quarter, or $1,109.40 annually
- Water Rates: Approximately $226.20 per quarter, or $904.80 annually
Total Outgoings: Approximately $14,059.64 per year
Net Annual Income: $12,340.36
Net Return: 6.8%
