Conveniently located in the heart of Sydney’s CBD you will find this fully furnished 1 bedroom apartment. This professionally managed inner city apartment is a solid investment opportunity for self managed Super funds and investors looking for a residential property in a prime location.
The Medina brand (www.medina.com.au) is well known throughout Australian capital cities and attracts a largely business clientele. Medina Classic Martin Place is located close to Circular Quay, theatres, the Opera House, The Rocks and the Royal Botanic Gardens.
- 1 bedroom with built in mirrored robe
- Positioned on the 6th floor
- Modern gourmet kitchen with gas SMEG appliances
- Large balcony with access from bedroom & living area
- Full bathroom & separate laundry facilities
Investors receive a monthly distribution which is calculated based on the pooled performance of the building each month minus the Participating Apartment Costs (fees, operating costs, rates, strata levies etc). Once net revenue is determined, this is distributed to each owner based on their unit entitlement and paid directly into each owner’s bank account. Monthly and annual summaries are provided. As a guide to recent investment performance, this apartment owner has received the following NET annual payments after deduction of all ownership expenses including rates, levies and managers fees:
30 June 2007 – $19,095.40
30 June 2008 – $21,927.11
30 June 2009 – $19,252.70