118/1 Padbury Cir, Sorrento is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1983. The property has a land size of 86m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Sorrento in the last 12 months.
Why park your money in the bank and get zero interest when you can park it in a serviced apartment investment and get around 4%.
Plus you get to take up some holiday accomodation at a reduced cost....... right opposite SORRENTO BEACH.
This is a great way to offset your tax, earn some interest, and take a holiday.
Close to and within Walking distance
*Hillarys Marina
*Voyage Cafe
*White Salt Cafe
Drive - 5 minutes
*Whitford Shopping Centre
*Coles at Hillarys
The apartment comes with a lease back agreement with the professional onsite resort management. 'AJS Management'.
The size of Sorrento is approximately 3.6 square kilometres. It has 11 parks covering nearly 14.3% of total area. The population of Sorrento in 2011 was 7,371 people. By 2016 the population was 7,355 showing a population decline of 0.2% in the area during that time. The predominant age group in Sorrento is 50-59 years. Households in Sorrento are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sorrento work in a professional occupation. In 2011, 83.1% of the homes in Sorrento were owner-occupied compared with 84.8% in 2016.
Sorrento has 3,455 properties. Over the last 5 years, Houses in Sorrento have seen a 87.21% increase in median value, while Units have seen a 24.80% increase. As at 31 August 2024:
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