Attention: All Investors
Fully serviced and fully furnished, spacious one bedroom apartment in the prestigious Mantra Hotel located on the 14th floor offering luxurious modern inclusions and sweeping city views, in the heart of Parramatta.
The Mantra is 4.5 Star rated, boasting fine dining restaurant and bar, conference room, a magnificent swimming pool, gym, barbeque area, parking facilities and only minutes walking distance to Parramatta Westfield, Train station and all the major amenities in the ever growing and expanding Parramatta Metropolis.
Currently leased to the Mantra hotel for a secured rental, with guaranteed income of approximately $25,581 per annum or over 6.2% yield with guaranteed CPI increases of 4% every second year. Next Increase is next year in 2017.
Main features of the apartment include:
-Spacious combined living and dining room opening onto North East balcony.
-Large double bedroom with built-in wardrobes
-Spacious, fully tiled bathroom with corner spa bath and shower.
-Fully functional kitchenette
-Secure single car space
-Internal laundry
-Monthly rent paid is $2,131.75
-Fully maintained by the tenant (Mantra)
-Excellent investment opportunity for investor or SMSF.
Only 200m to Westfield shopping centre, Train station, bus, short walk to river and ferry wharf.
Don’t miss out, incredible value for this location and this current market. This is a very unique investment with returns you very rarely find elsewhere in the Sydney market!!