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Overview
High-Yield Ultimo Apartment – $15,000 Net Income, 9.09% Return
This fully furnished loft-style apartment offers a unique opportunity for investors or first-home buyers seeking a low-maintenance lifestyle in the heart of Ultimo. The apartment features direct access to a courtyard, providing a private outdoor space that enhances the living experience.
The interior boasts stylish floorboards that add warmth and character to the space. A built-in wardrobe offers practical storage solutions, while portable air conditioning ensures comfort throughout the year. The apartment includes a practical kitchenette, ideal for preparing meals with ease, and comes with a washing machine included for added convenience. Residents also have access to a shared kitchen, expanding the options for cooking and entertaining.
Security and management are priorities in this building, with on-site building management and 24/7 security providing peace of mind for residents and investors alike.
Key investment details include a fixed rental income of $580 per week, with the current lease term expiring on 26 February 2027. This generates a net income of approximately $15,000 per annum, reflecting a strong net return of 9.09%, making it a smart and attractive investment opportunity.
The apartment is ideally located opposite Broadway Shopping Centre, placing a wide range of retail, dining, and entertainment options within easy reach. It is also just minutes away from major educational institutions including the University of Technology Sydney (UTS), University of Sydney, Notre Dame University, and TAFE, making it highly desirable for students and professionals.
Outgoings for the property are approximately $180 per quarter for water rates, $267 per quarter for council rates, and $3,100 per quarter for strata fees, reflecting the costs associated with maintaining this well-managed complex.
This property represents a smart, low-maintenance investment with an unbeatable location and strong returns, suitable for those looking to enter the property market or expand their investment portfolio.
Features include:
- Air Conditioning
- Built-in wardrobes
- Fully furnished
- Intercom system
- Close proximity to schools, shops, and transport
- Disabled access
- Kitchenette
- Lift installed
Disclaimer: The information provided is prepared with care and is current at the time of publication. While every effort has been made to ensure accuracy, the information is provided for general guidance only and prospective buyers should seek independent advice relevant to their circumstances.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Ultimo NSW 2007
Market Insights for Ultimo NSW 2007
Other properties in this postcode
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