225/1-3 Valentine Avenue, Parramatta
Studio for sale in Mantra....................... Studio - Property ID: 934732
Professionals,Parramatta proudly presents this Stylish fully furnished Studio apartment located in the heart of Parramatta's lively CBD and shopping precinct, less than a minute walk to Parramatta Railway Station and Westfield Shopping Centre.
Monthly Net Rental Income of $1,317 permanent fixed minimum income "BY MANTRA".
Approximately 5% net income.
Lease term for this unit is five (5) Years X 3, with rental income increase of 4% (CPI) every 2 Years.
It is currently leased through Mantra Hotels Apartments.
Total lot area is approximately 30 Sqm in size.
Mantra pays for the Strata Fees, Council Rates and Sydney Water Rates and their own management fees are taken out before you get the net amount in your hand or bank account.
This fantastic unit is located on level 2 facing south.
The property is offered for sale with a long term lease. You will not be able to live-in or move into this apartment.
Mantra is a Serviced Hotel with furnished apartments for short or long term guest accommodation.
Features included: Outdoor swimming pool and spa, gymnasium room, Ivory Restaurant and cocktail-bar plus conference room/s, 24 hour reception plus internet service desk area.
The apartment comprises of modern furniture which is stylish and subtle.
The bathroom and kitchen are wonderfully designed as they make tremendous use of the space. The apartment feels spacious and inviting, the kitchen has 2 X hot plates, range-hood, microwave and a mini-bar.
The bathroom has a granite counter top surrounding the large basin, a combined shower and bath plus internal laundry with dryer and washing appliances included.
Ducted A/C system, intercom system and lift access to all levels including basement visitor parking is all included.
The location of this property is paramount; its personality lies in its surroundings. Parramatta is a vibrant City Centre currently undergoing a landmark progression development and gentrification, building renovations and new developments are on the rise.
Parramatta is growing and prices will rise to reflect it new status in the future.
Please call Parvinder Singh to book an appointment to view the property or as advertised..
- Land Size Approx. - 30 m2
- Built In Robes
- Air Conditioning
- In Ground Swimming Pool
- Double Glazed Windows