214/28 Macleay Street Potts Point, 2011 NSW

EASILY AFFORDABLE INVESTMENT OPPORTUNITY

1

Renovated Strata Studio Apartment
Looking for good return on a small real estate investment - this is dynamite!!

Room 214 in strata titled Macleay Apartments (Macleay Hotel) is a bright, north facing, self contained studio apartment on the second floor with bonus of a harbour view if you're at the window. The units in the building are privately owned and can be held for personal use or rental, or can be leased to Macleay Apartments for a guaranteed return, currently $330 per week, subject to appropriate increases. They rent them out & take care of the cleaning etc on a daily basis - all you do is collect the income without ever having to worry about vacancy or loss of income!! If you're an out-of-towner and want to come to Sydney and use your own apartment, you simply let the management know and they will either make sure yours is empty or offer you a similar apartment at owner's rate of $75 per night - much cheaper than a hotel and in a very handy location - without interruption to your guaranteed rental income. It's a great deal for a very small investment and you will get capital gain on top! There's even a swimming pool in the building, 2 lifts and "hotel" style concierge & facilities for your convenience.

Council Rates $211.32pq
Water Rates $139.41pq
Levies - Admin $483pq
Levies - Sinking $332pq

Asking Price $229,000 ( Furniture included)

Sold $224,000

Inspect

Inspection of this property is available strictly by arrangement only.

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