428/1 Valentine Avenue, Parramatta, NSW, 2150 - Apartment Sold on 01 05 2023

SoldMay 1, 2023

428/1 Valentine Avenue, Parramatta, NSW, 2150

Amount undisclosed

Apartment

•

30+ days on the market

Sold: May 1, 2023

What's around 428/1 Valentine Avenue

Premium Investment Opportunity in Mantra Parramatta

Inspections available via private appointment, please contact the agent to arrange inspections. Virtual Tour available via this advertisement, please click the link ! Presenting a fantastic opportunity to secure a set and forget investment with incredible returns located in the heart of the Parramatta CBD, perfect for a long term investment or self managed super fund (SMSF) acquisition. This fully furnished studio room is a managed investment asset currently leased with Mantra Hotels Parramatta and is estimated to generate a gross revenue of $46,660*, with the owner receiving 50% of the apartments revenue. Note: The monthly income is not fixed & will fluctuate with travel demand and use of the property. Property Features Include: - Spacious bedroom with large window and built in wardrobe - Kitchenette with electric cooktop - Bathroom with bathtub and tiled floor to ceiling - Ducted air conditioning - Building amenities include Gym, Pool, Spa, Sauna, Restaurant, Cocktail Bar, Conference rooms, internet desk Investment Features include: - Approx gross annual revenue of $46,660* - Exclusive membership with Accors Partnership Program - Exclusive use of the poperty 14 nights per annum with access to building amenities - There is the option to short term lease with airbnb, stayz & other short term providers - Hassle free passive income stream with full management decisions made on your behalf - set & forget ! Note: This property is zoned for short term letting and can not be lived in fulltime - For invesment purchase only.