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310 / 653 George Street Sydney, NSW 2000

Sold for $350,000 on 2 Aug 2017Floorplan
  • 1 Bed
  • 1 Bath
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310 / 653 George Street, Sydney, NSW 2000

Studio in Sydney

Open Inspection Cancelled: Serviced Apartment Investment Opportunity

  • 1 Bed
  • 1 Bath

I am pleased to offer this serviced studio apartment that forms part of the BreakFree on George group located at 653 George Street.

This apartment is competitively priced; I have received information from the current vendors that the base rent is $1,697.79 per month with net rent being $1,587.70 after deduction of Body Corporate and Management Fees.

There is a new lease in place with the hotel until March 2022 with the hotel having two further 5 year options.

It comprises a 31 square metre studio room measuring 6.7 metres by 3.1 metres on level 3 of this popular serviced apartment development within a stroll to Chinatown. It offers hotel guests open plan living, kitchenette and bathroom with air conditioning and 24-hour concierge.

Please note this apartment is a serviced apartment for investors only and is not suitable for owner occupiers.

Due to on-going hotel operations, all inspections need to made in advance so that we can liaise with the hotel in respect of check in and check out times.

Features:
  • Air Conditioning
  • Built-In Wardrobes
  • Close To Shops
  • Close To Transport
  • Investment Only
  • Terrace/Balcony
Building:

31m²

Bedrooms:

1

Bathrooms:

1

Investment Information

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply