1602/653 George Street
Sydney, NSW 2000

This renovated, fully furnished apartment is situated on a high floor with north, east, and west-facing aspects, offering expansive city views. It is located within the Mantra Sydney Central building, managed by the globally recognized Accor group. This property presents an excellent opportunity to benefit from substantial net returns through leasing via a specialized short-term leasing agency.

Conveniently positioned just 100 meters from the Capital Theatre and within walking distance of the China Town light rail, this mid-city asset provides hassle-free, high-performing income potential. The apartment is currently leased through a short-term rental agency, achieving an annual net return of $56,506.37, equating to a 6% net return based on the asking price, with potential for further improvement.

It is important to note that strata levies have recently increased to $4,212.50 per quarter for a three-year strata loan period, up from the previous $2,955.60. When factoring in these updated levies, the net return adjusts to $51,478.77, or 5.5%. The figures mentioned are based on the original strata levies.

• The apartment has been renovated with hybrid flooring, modern kitchen joinery, and upgraded appliances including a fridge, cooktop, and washer/dryer.
• It is fully furnished with contemporary furniture such as beds, couches, dining table and chairs, bedside tables, and lamps.
• Located on level 16, the apartment benefits from light-filled interiors.
• There is flexibility to lease short term or through Mantra, with the option to occasionally use the apartment personally.
• Two spacious balconies provide incredible district views.
• The building offers security, an onsite restaurant, and 24-hour reception services under the Mantra lease arrangement.

Note that the property is zoned exclusively for serviced apartments and cannot be owner-occupied.

All information provided is gathered from sources considered reliable; however, accuracy cannot be guaranteed, and interested parties should conduct their own inquiries.