308/653 George Street
Sydney, NSW 2000

This investment apartment is located within the Mantra Sydney Central building, managed by the globally recognized Accor group. It presents an exceptional opportunity to achieve substantial net returns through short-term leasing arrangements managed by a specialized agency, offering a hassle-free income-generating asset in a prime mid-city location.

Conveniently situated just 100 meters from the Capitol Theatre and within easy walking distance of the Chinatown light rail, this property benefits from excellent transport links and proximity to key city attractions.

The apartment's estimated net return is up to $34,649.20 annually, equating to a 5.4% net return when leased through a specialized short-term leasing company. This arrangement allows investors to avoid the complexities of property management, as the leasing company handles all operational aspects.

Recent changes to strata levies have increased quarterly fees to $2,844.30 for a three-year strata loan period, up from $1,995.60. Taking these levies into account, the net return estimate adjusts to approximately $31,254.40 annually, or 4.8% net return.

• The apartment is currently leased through the Mantra hotel, with flexibility for owners to short-term lease independently or via a leasing agency.
• Owners have the option to use the apartment occasionally while generating income through short-term leasing when not in use.
• The interiors are contemporary and well-appointed, featuring a versatile floorplan that includes two separate bathrooms and balconies.
• Ducted air-conditioning is installed throughout, complementing the spacious living and dining areas. The apartment is sold fully furnished and ready for immediate use.
• Additional amenities include a 24-hour concierge service (with Mantra Lease), an on-site restaurant, and direct access across from the Chinatown light rail.
• The location offers easy access to Town Hall Station, Darling Harbour, and other prominent city destinations.
• Outgoings include council rates of approximately $264 per quarter and water rates of about $26.35 per quarter.

It is important to note that this apartment is for investment purposes only and cannot be used as a primary residence.

All information provided is sourced from reliable channels; however, prospective buyers should conduct their own due diligence to verify details.