701/653 George Street, Sydney, NSW, 2000 - Apartment Sold on 04 08 2025

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Sydney

SoldAug 4, 2025

701/653 George Street, Sydney, NSW, 2000

$700,000

Apartment

•

30+ days on the market

Sold: Aug 4, 2025

What's around 701/653 George Street

NET RETURN OF 6.6% - PHENOMENAL CITY INVESTMENT

Presenting a fantastic opportunity to own an incredible apartment located in the premier Mantra Sydney Central building run by the world-renowned Accor group, perfect for SMSF or investors looking to get themselves a city bolthole. Secure an apartment in a building with a proven track record of incredibly high net returns. Positioned for walk-to-everything convenience with World Square shopping complex only a 160m stroll away and easy access to Belmore Park. The apartment is currently leased via a short term rental agency and has achieved an annual net return (from October 2023 October 2024) of $46,920.47 = 6.6% net return on the asking price, plus there is scope for improvement. - 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 - Strata: $1,821.40, Council: $242.80, Water: $21.64 p/q approx. *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