3125/185-211 Broadway Street
Ultimo, NSW 2007

This property presents an outstanding investment opportunity located in the heart of Sydney's vibrant education precinct. It is a fully furnished, spacious loft-style studio apartment with a floor area of 30 square meters, situated in Ultimo, a highly sought-after rental location known for its consistent demand.

The apartment is perfectly positioned directly opposite the Broadway Shopping Centre, providing convenient access to a wide range of retail and dining options. It is also within walking distance to several prominent educational institutions including the University of Sydney, University of Technology Sydney (UTS), Ultimo TAFE, and Notre Dame University. This prime location ensures steady rental interest throughout the year.

The property is currently tenanted, offering immediate and reliable rental income for investors. The investment breakdown includes a gross rental income of approximately $500 per week, equating to around $26,000 annually. The strata fees are $3,995 per quarter, totaling $15,980 annually. Council rates are approximately $277.25 per quarter, or $1,109 annually, while water rates are about $213 per quarter, or $852 annually. Total outgoings amount to approximately $17,941 per year.

After accounting for these expenses, the net annual income is estimated at $8,059, providing a net return of between 4% and 4.7%, based on a price guide ranging from $170,000 to $200,000.

This apartment is an excellent choice for investors seeking a low-maintenance property with strong rental potential in a prime Sydney location. Its proximity to major educational institutions and shopping amenities, combined with its current tenancy, makes it a secure and attractive investment option.