Studio for Sale
- About this property
- Explore Potts Point
Investment Studio with Strong Yield & Long Term TenantProperty ID 1548910Investment Only This is an ideal property for those looking for a strong rental yield and long term tenant. Leased to Quest' Potts Point, a well-respected hotel operator, assuring you a constant rental income.
This hotel style apartment has built-in wardrobe, ensuite style bathroom, kitchenette and air conditioning.
Perfectly located only moments away from the Kings Cross Train station, Potts Points Cafe precinct and within easy access to the CBD.
- Current Rent: $349.45 per week
- Lease Terms: Leased until November 2018 (Additionally, the tenant has 4 x 5 year options)
- Rent Increases: 4.5% annually
Strata: $618.38 GST included per qtr (Admin $309.68 + Sinking $308.70)
Note: Tenant pays the admin fund
Water: $185.79 per qtr (approx.)
Council: $ 169.84 per qtr (approx.)