Valentine AvenueParramatta NSW 2150
Property Details for 516/1-3 Valentine Ave, Parramatta
516/1-3 Valentine Ave, Parramatta is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Apartment sold in Parramatta in the last 12 months.
Last Listing description (April 2024)
Unit 516, Mantra Parramatta -
Inspections available via private appointment, please contact the agent to arrange inspections. Virtual Tour available via this advertisement, please click the link !
Presenting a fantastic opportunity to secure a set and forget investment with incredible returns located in the heart of the Parramatta CBD, perfect for a long term investment or self managed super fund (SMSF) acquisition.
This fully furnished hotel room is a managed investment asset currently leased to Mantra Hotels Parramatta generating a gross revenue of $46,340* within the last 12 months, with the owner receiving 50% of the apartments revenue, minus expenses.
Note: The monthly income is not fixed & can fluctuate with travel demand and use of the property.
Property Features Include:
- Spacious bedroom with large window and built in wardrobe
- Kitchenette with electric cooktop
- Bathroom with bathtub and tiled floor to ceiling
- Ducted air conditioning
- Building amenities include Gym, Pool, Spa, Sauna, Restaurant, Cocktail Bar, Conference rooms, internet desk
Investment Features include:
- Approx gross annual revenue of $46,340*
- Exclusive membership with Accors Partnership Program
- Exclusive use of the property 14 nights per annum with access to building amenities
- Hassle free passive income stream with full management decisions made on your behalf - set & forget !
- Inventory of furniture included with the sale of the property
Note: This property is zoned for short term letting and can not be lived in fulltime - for investment purchase only.
Outgoings -
Strata: $1,402 per quarter approx.
Council: $212 per quarter aprrox.
Water: $180 per quarter approx.
Property History for 516/1-3 Valentine Ave, Parramatta, NSW 2150
- 15 Apr 2024Sold for $185,000
- 21 Dec 2023Listed for Sale Not Disclosed
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About Parramatta 2150
The size of Parramatta is approximately 5.5 square kilometres. It has 29 parks covering nearly 23.8% of total area. The population of Parramatta in 2011 was 19,744 people. By 2016 the population was 25,788 showing a population growth of 30.6% in the area during that time. The predominant age group in Parramatta is 30-39 years. Households in Parramatta are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parramatta work in a professional occupation. In 2011, 35.9% of the homes in Parramatta were owner-occupied compared with 28.1% in 2016.
Parramatta has 19,179 properties.
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