Professionals Parramatta proudly presents this attractive investment opportunity. Stylish, fully furnished studio apartment, located in the heart of Parramatta's lively CBD and shopping precinct, less than a minute walk to Parramatta Railway Station and Westfield Shopping Centre.
This 7th floor, south facing apartment is currently managed by Mantra, a Serviced Hotel, which offers furnished apartments for short or long term accommodation.
This property is offered for sale with a current long-term lease.
Monthly fixed net rental return of $1,402 by MANTRA. Approximately 5% net income.
Lease term for this unit is five years x 3, with rental income increase of 4% (CPI) every 2 Years.
Apartment features: Ducted air-conditioning, intercom system, fully equipped kitchenette, granite basin top in bathroom, internal laundry with dryer & washing machine.
Complex features: Lift access, outdoor swimming pool and spa, gymnasium, Ivory Restaurant and cocktail-bar plus conference room/s, 24-hour reception plus internet service desk area.
For full details on this investment opportunity, please contact Parvinder Singh.
