MEDINA CLASSIC, MARTIN PLACE - $300000

Description

This professionally managed, fully furnished, one bedroom serviced apartment in the heart of the CBD is an ideal choice for self managed Super funds and investors seeking residential property in the prime Sydney business district. The Medina brand (www.medina.com.au) is well known throughout Australian capital cities and attracts a largely business clientelle. This 6th floor strata title apartment is 56 square metres, including a balcony with all furniture and furnishings are included. It is airconditioned with a fully equipped SMEG kitchen and laundry. Investors receive a monthly distribution which is calculated based on the pooled performance of the building each month minus the Participating Apartment Costs (fees, operating costs, rates, strata levies etc) . Once net revenue is determined, this is distributed to each owner based on their unit entitlement and paid directly into each owners bank account. Monthly and annual summaries are provided. As a guide to recent investment perfomance, this apartment owner has received the following NET annual payments after deduction of all ownership expenses including rates, levies and managers fees: 30 June 2007 - $19,095.40 30 June 2008 - $21,927.11 30 June 2009 - $19,252.70 Medina Classic Martin Place is located close to Circular Quay, theatres, the Opera House, The Rocks and the Royal Botanic Gardens. Inspections strictly by individual appointment as we must work around incoming/outgoing guest stays.