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611/321 Castlereagh Street, Sydney

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Property Introduction

SECURE INCOME FOR INVESTOR ONLY

bed 2  bath 2  car 1

For Sale - $890,000

Managed by Oaks Hotels with proven secure income and flexible term, this unique dual key apartment with a vibrant city life style offers a top quality option for investors seeking decent returns.

The property comprises of two separate apartments in one title: one spacious 1 bedroom with a good size kitchen, bright living room and balcony, and the other a large self contained studio, both rented out on a secure but flexible lease with The Oaks Hotels for a total of $4550 per month gross. The units are in excellent condition. The lot also consists of a large lock up garage. The building offers resort facilities.

This apartment is ideal as a secure income-asset (Oaks Hotels offer a guaranteed rental with excellent returns), or a self managed serviced apartment with a maximum lease period of 3 months.

Outgoings:
Strata Levy: $3571 qtr approx
Council Rate:$279 qtr approx
Water Rate: $187 qtr approx

Property Overview

Property ID: 1P2000
Property Type: Apartment
Land Size: 132m² approx.
Building Size: 108m²
Garage: 1
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