Positioned on the eleventh floor of the highly sought after Mantra on Kent building, this one bedroom serviced apartment features a huge 48 square metre terrace and is currently receiving $38,053.56 net per annum in rent, while the hotel pay for all outgoings (Strata Admin, Water and Council). Perfectly located only 250 metres to Town Hall Station and on the door step of Darling Harbour, Cockle Bay & King Street Wharf, Queen Victoria Building and City retail precinct. The lease with the hotel (Accor) expires on September 20, 2024. At the moment, you can sign a new lease with the hotel (1 year lease with 4 x 1 year options) or you can take back possession and rent out through short term rentals such as Airbnb. Please note the property cannot be owner occupied. Impeccably presented and maintained in prized location Free flowing layout with defined lounge and dining areas Enormous terrace off lounge room with pleasant city outlook Generous sized bedroom fitted with mirrored built-in robe Open plan timber look kitchen with an abundance of storage Oversized fully tiled chic bathroom with walk-in shower Internal laundry area with washing machine and clothes dryer Ducted air conditioning with heating and cooling, lift access Building has been operating serviced apartments since 1999 24 hour concierge, on-site restaurant and outdoor courtyard