INNER CITY RENOVATED HIGH YIELD 2 BDR APARTMENT - For Sale #010740

Inspections this Wednesday at 6:30-7pm and Saturday 10-10:30am. Incredibly well located property ideal for investment with very high rental demand and strong yield in excess of 5%. Very spacious main bedroom with built-ins, flowing open plan living area and huge bathroom.

Average annual capital growth in Surry Hills is above 7% pa, Median Rent - $595pw, Median Price for Units - $765k = This apartment is a bargain selling BELOW median price and generating ABOVE median rental. The building is constantly being improved with new foyer and roof deck this year which will increase the value further and hence the higher the strata fees at the moment.  

Normally rented out at $650 per week. Some apartments in the building on different levels have been rented out unfurnished at $720 pw.

THE LOCATION
- Conveniently located in the heart of Surry Hills next to Chinatown, Central Station, UTS and Hyde Park.
- Central train station is only a few minutes walk from the apartment.
- Sydney CBD is just 5-6 minutes walk.
- Bus stop to/from Sydney CBD is literally in front of the apartment.

THE APARTMENT

- 2 bedrooms with built-in wardrobes in both bedrooms.

- Very spacious bathroom with bath tub and internal laundry

- Very easy to rent apartment due to location with growing rentals in the buildings and very strong capital growth over the last 5 years

- Lots of natural light and reverse cycle air conditioning.

- Apartment is newly renovated - freshly painted and new floorboards.
- Impressive views of the city skyline
- Kitchen is equipped with a stove, a great oven, dishwasher and microwave.
- Many excellent cafes and restaurants in the area - Supermarket and 24/7 gyms just around the corner

- Security building

- Street Parking from Council Approved 

This apartment is excellent for investors looking for high rental yields and will continue to appreciate as there are many improvements scheduled for the building as well as owner occupiers looking for an inner city lifestyle.

Listed by Michael Edelstein

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