1306/653 George Street
Sydney, NSW 2000

This fully furnished, east-facing apartment offers a unique opportunity with a large entertainers terrace providing expansive views of the city skyline. Situated on level 13 of the Mantra Sydney Central building, managed by the renowned Accor group, this property presents a high-performing, hassle-free income-generating asset in a prime mid-city location.

Conveniently located just 100 meters from the Capital Theatre and within footsteps of the Chinatown light rail, the apartment benefits from excellent accessibility and vibrant city living. Currently leased through a specialized short-term rental agency, it has achieved an impressive annual net return of $55,288.56, equating to a 5.5% net return based on the asking price, with potential for further improvement.

Recent changes to strata levies have increased quarterly fees to $4,173.80 for a three-year strata loan period, up from $2,928.40. Factoring in these levies, the net return adjusts to approximately $50,371.88, or 5%. These figures are based on the original strata levies.

• High estimated net returns through short-term leasing management
• Spacious entertainers terrace with sweeping city views
• Includes ducted air conditioning and internal washer/dryer
• Light-filled interiors within the Mantra Sydney Central building
• Flexibility to lease short term or through Mantra
• Option to lease and occasionally use the apartment personally
• Secure building with onsite restaurant and 24-hour reception (with Mantra Lease)

It is important to note that the building is zoned exclusively for serviced apartments, meaning the property cannot be owner-occupied and must be used as a serviced apartment.

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