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A perfect city pad investment

Premium position in the heart of Sydney CBD, ideally positioned on the door step of Darling Harbour and with an effortless stroll to Cockle Bay, King Street Wharf, Casino, Queen Victoria Building and City retail precinct, function venues, bars and night clubs.

Large East facing fully serviced 1 bedroom apartment

Generous 62 sqm layout with open plan lounge, dining and study

Interiors flow through sliding doors to a dual entry balcony

Air Conditioning, kitchenette and internal laundry

This apartment is leased by Kent Street Suites Pty Ltd, trading as “Mantra on Kent”

Net rent income $1394.09 per month ($322 per week approx) with CPI increases; the lease expires in September 2014 with another 5 years option. The tenant pays all outgoing and internal property maintenance.
The approximate outgoings
Strata: Admin $197 per month pay by the tenant.
Sinking $58 per month pay by the owner
Water: $140 per quarter pay by the tenant
Council: $140 per quarter pay by the tenant
Hotel style facilities include 24 hours reception, function and conference rooms, mezzanine cafe and serene outdoor courtyard.