Perfect for investors – Set and forget - 8% +

ONE OF THE BEST MANTRA LEASES IN THE CBD.
72M2!! Great rental income, low outgoing.
Do not miss it.


$28,077 Per annum rental income – around 7% net return on investment
Also perfect for those with self-managed super funds.

This apartment is in a secure long-term lease with the Mantra Group and is run as a 4-star rated serviced apartment hotel.

Initial rent at $ 28,077 per annum with a yearly CPI increase.

The owner has to pay the council rate, water rate, and owner's corporate levies currently at

Council rate of $1,137.81 per annum

Water rate Approx. $959 per annum

Own corporation Maintenance Approx. $589

Total outgoing is around $2,600 a year.

Lease Commencement date - 1 April 2023 with 3 further option terms of 12 months, at the discretion of Accor, the owner is entitled to 3 nights’ accommodation per year.
.
Fully furnished and with brilliant space, this open and vibrant apartment features a generous living and meals zone with a mounted flat screen TV, deluxe kitchen with appliances including a microwave, spacious bedroom, bathroom with separate shower and bath plus a laundry with washer dryer, 24-hr concierge, ground floor restaurant and bar, and access to the top floor gym and sauna.
Generous rental returns of $28,077 per annum mean this gem is bound to be snapped up by purchasers in search of an easy-care ...