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Overview
Situated within the prestigious Mantra Serviced Apartments by Accor Group, this well-positioned apartment offers an exceptional investment opportunity in the heart of Parramatta's CBD. Boasting approximately 30 square metres of thoughtfully designed living space, this light-filled unit features large windows overlooking the swimming pool, contributing to a serene and inviting atmosphere.
The apartment is tailored for both comfort and practical living, including essential amenities like reverse cycle air-conditioning, lift and intercom access, and convenient basement parking access. Its versatile layout combines living and work areas effectively, with a dedicated work desk and integrated wall-mounted TV with Foxtel, alongside fully convertible furniture that maximizes the usability of the space.
The kitchenette is fully equipped with modern conveniences such as a double hot-plate stove, rangehood, microwave, fridge, and cutlery, complementing the fully tiled bathroom that incorporates a wraparound granite basin and a shower-over-bath design. Residents also enjoy a suite of building amenities including an outdoor swimming pool and spa, gymnasium, conference rooms, function centre, on-site dining and bar facilities, as well as 24/7 reception support, enhancing the lifestyle experience and convenience.
Flexibility in usage adds to the unit's appeal, making it suitable for self-managed super funds or long-term investors. The property supports multiple management options: traditional residential tenancy agreements, hotel pool schemes offering variable gross income, or independent short-term rental arrangements via platforms such as Airbnb, catering to a broad spectrum of investor preferences and yielding strong financial prospects.
Operational costs are managed effectively with strata levies covering utilities, supplemented by modest water and council rates. Additional conveniences include communal laundry facilities on each floor and main garbage disposal in the basement. The unit is sold fully furnished, including all existing fixtures and furniture, reducing entry barriers for investors and occupants alike.
Local Market Insights
In Parramatta, Quiet Listings observed 37 new apartments entering the market over the last 30 days, down from 40 during the previous 30-day period, with an average advertised asking price of $733,486. The property type mix of listed properties is predominantly Apartments at 59%, followed by units (20%), and houses (14%). The most active agency for apartments in the Parramatta area is currently Ray White, representing 30% of new listings, followed by Belle Property with 14%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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
Parramatta NSW 2150
Market Insights for Parramatta NSW 2150
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