508/653 George Street
Sydney, NSW 2000

This apartment offers a remarkable investment opportunity with a high net return, situated within the Mantra Sydney Central building, managed by the globally recognized Accor group. It presents an excellent chance to benefit from substantial net returns through leasing with a specialized short-term leasing agency, providing a hassle-free, high-performing income-generating asset in the heart of the city.

Conveniently located just 100 meters from the Capitol Theatre and within easy walking distance to the Chinatown light rail, this property is ideally positioned for accessibility and urban lifestyle benefits. The apartment is currently leased through a short-term rental agency, achieving an impressive annual net return of $29,655.15, equating to a 4.4% net return based on the asking price, with potential for further improvement.

It is important to note that the strata levies have recently increased to $2,921.70 per quarter for a three-year strata loan period, up from the previous $2,049.90. When factoring in these updated levies, the net return adjusts to approximately $26,167.95, or 3.9%. The initial figures were calculated using the original strata levies.

• The apartment offers the flexibility to be used personally on occasion while generating income through short-term leasing when not in use.
• It can be leased through Mantra or let on a short-term basis, and it is sold fully furnished and ready for immediate 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 alongside a neat kitchenette space.
• Residents benefit from proximity to the Chinatown light rail, 24-hour concierge services (with Mantra Lease), and an on-site restaurant.
• The location is a short walk to the Capital Theatre, Town Hall Station, Darling Harbour, and other key city attractions.
• Outgoings include council rates of approximately $264 per quarter and water rates of about $27.03 per quarter.

Please note, this apartment is for investment purposes only and cannot be occupied as a residence.

All information provided has been sourced from reliable channels; however, accuracy cannot be guaranteed, and prospective buyers should conduct their own due diligence.