214/28 Macleay Street, Potts Point
EASILY AFFORDABLE INVESTMENT OPPORTUNITY
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)
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Potts Point
Sophisticated and cosmopolitan, Potts Point is often referred to as 'Parisienne' in its ambience, with its main tree-lined boulevard, Macleay Street, blessed with a traditional grandeur mixed with a chic urban buzz.
Architecturally Potts Point is renowned for its beautifully preserved Art Deco apartment buildings as well as some grand Victorian terraces which are found primarily along Victoria Street. Prestigious contemporary developments punctuate the surrounding character architecture, such as Ikon, The Pomeroy and Rockwall Gardens.
Dining and coffee are two of Potts Point's greatest attractions, with restaurants and cafes dotting virtually every one of its quaint streets. Challis Avenue is particularly vibrant, with the local favourite Spring cafe, Lotus restaurant and the trendy authentic Italian eatery Fratelli Paradiso.
Macleay Street Bistro and the fine dining Mezzaluna are two of Potts Points old favourites, the latter enjoying a stunning setting gazing back to the city skyline. Most of Potts Points waterfrontage is devoted to the Garden Island naval base, although there are a few exclusive apartment blocks which enjoy direct access to the harbour.
Located less than 2km from the CBD, this vibrant suburb is popular with executives, a young inner city crowd and plenty of the well-heeled who have moved from larger suburban homes in search of a more vibrant address.
Suburb Features
Education
- Conservatorium of Music
- SCEGGS - Darlinghurst
- St Vincents College
- Sydney Grammar School
Recreation
- Beare Park
- Hyde Park
- Phillip Park
- Rushcutters Bay Park
Restaurants
- Bistro Rex
- Bistrot 916
- Fratelli Paradiso
- Ms.G's
- The Apollo
- The Butler
