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Overview
5.8% Net Return | $480/week Rent | Prime Broadway Location
This loft-style apartment is located in a prime position directly opposite Broadway Shopping Centre, offering a fully furnished living space that is ideal for investors seeking strong and consistent returns.
The property is currently under a fixed-term lease at $500 per week until June 26, representing a net return of 5.8% after deducting outgoings. The secure building features 24/7 security and on-site management, ensuring peace of mind for residents and investors alike.
Residents benefit from convenient amenities including coin-operated laundry facilities and communal kitchens on each level, enhancing the practicality of the living environment.
Its central location provides easy access to major educational institutions such as the University of Technology Sydney (UTS), University of Sydney, and TAFE, as well as the vibrant Broadway Shops, making it an attractive option for students and professionals.
Outgoings for the property include approximate quarterly fees of $179 for water rates, $277 for council rates, and $3,319 for strata levies, reflecting the costs associated with maintaining the building and its facilities.
The apartment features built-in storage, is furnished, and includes a kitchenette. Additional conveniences include lift access and security measures, contributing to a comfortable and secure lifestyle.
This investment opportunity combines location, convenience, and reliable income, making it a compelling choice for those looking to enter the Inner West property market.
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
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 32 m² |
Market Insights for Ultimo NSW 2007
Other properties in this postcode
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