A superb opportunity for the investor, this neat and tidy studio apartment offers a perfect blend of lifestyle, location and potential. Set in the prominent Macleay Apartments, a full security block strategically positioned in the heart of Potts Point village, the third floor studio can be held for personal use or rental, or leased to Macleay Apartments for a guaranteed return. In original condition, the apartment offers scope for a cosmetic update with a projected potential income stream of $430/week post renovation. Incredibly convenient, the apartment is right in the heart of the action with every convenience at the doorstep and within easy walking distance of some of Sydney’s most celebrated harbour attractions.

+ Potential to renovate/add value
+ Strong rental demand, guaranteed return
+ Current rent of $355 per week
+ Secure building, concierge, 2 lifts
+ Queen sized bedroom/living space
+ Kitchenette and ducted air
+ Outdoor pool, bbq area, sundeck
+ Every convenience at the door
+ Stroll to high-end boutiques
+ Manhattan-like inner city setting
+ Opposite a gourmet marketplace
+ Short walk to Kings Cross station
+ Stroll to designer stores and galleries
+ Footsteps to celebrated restaurants
+ Walk to Sydney’s major attractions

Total Area: 23sqm

Tenancy Status:
This apartment is currently let to a long term tenant paying $355 per week who would like to stay on. It offers a projected potential income stream of $430 per week post renovation.

Outgoings:
Strata Rates: $1,285.55 per quarter (Admin: $472.42 | Capital Works: $813.13)
Council Rates: $258.60 per quarter
Water Rates: $172.04 per quarter

Strata Agent:
Dynamic Property Services Ph: 9267 6334
LOT 37 | SP 46507

Disclaimer: We have been provided with the above information, however, Laing+Simmons gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.