Over 6% Rent Return in Potts Point

244/15 Springfield Avenue Potts Point

1 bath
Perfectly located inner Sydney studio apartment offers investors the opportunity to own apartment at a very affordable price with a steady rental income and a high rental yield which is not dependent on the occupancy of your apartment. You receive rent each month and can rest easy knowing Quest are looking after your investment. Located right in the heart of Potts Point its location cannot be beaten with the following in a proximity:
- Kings Cross Station
- Woolloomooloo Wharf
- Rushcutters Bay park
- Local Dining and Cafes

Lease Details: approximately
Current Rent: $470 per week ($24,490 per annum)

Approximate Outgoings:
Body Corporate Sinking fund: $209.55 per quarter
Body Corporate Admin fee: Paid by tenant
Council Rates: $184.24 per quarter
Water Rates: $191.75 per quarter

**The lease also has a 6% Ratchet Clause which means the rent cannot go up or down by more than 6% at the market rent review**
For Sale - $415,000
Proudly Richardson&Wrench
Elizabeth Bay / Potts Point
02 8356 2715

Contact the agent

Luke McDonnell

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