Guaranteed income – High yield, low outgoings with no management fees to pay!

On offer – investors delight; Hassle free, set and forget investment with low outgoings and strong consistent guaranteed income (apprx. 6% yield) in a quality building and fantastic central location only a short stroll to Circular Quay, The Rocks & ASX and Wynyard Rail.

BEST VALUE INVESTMENT UNDER $400,000 IN THE CBD.

Currently professionally managed by The Mantra, this studio apartment returns $20,571.96 per annum currently. Current lease in place to December 2010, new estimated rental return would be approx $23,500.00 per annum. Strata levy is only $539 per quarter!

Ideal for self managed super funds and investors seeking a superbly located investment property with a guaranteed income stream and no management fees to pay.

This apartment offers great flexibility to owners:
1 – leasing via reputable agency
2 – leasing under hotel scheme
3 – Owner Occupy

The apartment itself features deluxe furniture package, luxury finishes throughout, is immaculately presented & impeccably maintained. Also features built-in wardrobes, secure keyless entry and is fully air-conditioned.

Also features; deluxe kitchen with granite bench tops with stainless steel Smeg appliances including oven & dishwasher, microwave & refrigerator, marble bathroom with full laundry facilities and queen bed ensemble.

Residents enjoy the Hotel facilities including a rooftop pool, BBQ, gymnasium and spa. Room service food & beverage services are available from the Lobby cafe.

Call Bryn Fowler 0423 663 663 or email bryn@sydneycoveproperty.com for enquiries or to arrange an inspection.