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Overview
FANTASTIC MID CITY INVESTMENT WITH SWEEPING CBD VIEWS, GUARANTEED RENTAL
This contemporary serviced apartment offers a superb investment opportunity in the heart of Sydney's CBD. Spanning 44 square meters, the apartment is part of the Mantra on Kent building, which has been operating serviced apartments since 1999. The property is ideal for investors seeking a hassle-free, set-and-forget investment, as the building covers all outgoings including strata, water, and council rates.
Located just off Market Street, the apartment is within easy walking distance to key city attractions such as Darling Harbour, Town Hall Station, Pitt Street Mall, and the Queen Victoria Building. The apartment enjoys excellent south-eastern views of the CBD skyline and the iconic Sydney Tower Eye, enhanced by numerous windows that allow for abundant natural light and a spacious living environment.
The apartment features a large bedroom with a built-in wardrobe and a kitchen equipped with ample storage space. Residents benefit from 24-hour concierge services, an on-site restaurant, and a pleasant outdoor courtyard. The location is well-serviced by public transport, including proximity to Town Hall and Queen Victoria Building light rail stops, as well as a variety of nearby restaurants and Hyde Park.
Investment highlights include a high guaranteed net rental income of $2,976.63 per month, paid to the owner regardless of occupancy. The gross rental income is $3,241.31 per month, with the net figure accounting for a capital works fee. The hotel management covers council and water rates, further reducing the investor's responsibilities.
There is currently a special lift levy of $1,560.04 per quarter, which is expected to conclude by June 30, 2026. This levy is managed by the strata and is a temporary additional cost.
Note that this property is for investment purposes only and cannot be owner-occupied.
Overall, this apartment presents a rare opportunity to secure a low-maintenance, income-generating asset in a prime Sydney location with strong rental guarantees and excellent amenities.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Sydney NSW 2000
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 44 m² |
Market Insights for Sydney NSW 2000
Other properties in this postcode
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