Unit 1305, 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 one bedroom is a managed investment asset currently leased to Mantra Hotels Parramatta, generating a gross revenue of $58,686* 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 - Secure car space - earns additional revenue ! - Building amenities include Gym, Pool, Spa, Sauna, Restaurant, Cocktail Bar, Conference rooms, internet desk Investment Features include: - Approx gross annual revenue of $58,686* - 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: $1,827 per quarter Council: $212 per quarter Water: $167 per quarter