257/569 George Street

Sydney NSW 2000

Quick Summary

Sydney NSW 2000
Sale Status:
Under Offer
Sale Status:
Under Contract
SOLD - $925,800
Property Type:
Floor Level:
Land Area:
117 m2
Strata Levies (p/q):
Water Rates (p/q):
Council (p/q):

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Property Description

Sold! AGM proposed special levies paid by the purchaser.

SOLD on 07/11/2023, for $925,800

High rent receiving Property- potential total over $1300 per week! Dual key property within Summit Apartments hit the market!

A sought-after investment opportunity awaits in the renowned "The Summit" apartment building in the heart of Sydney's city centre, directly across from World Square. This North-facing DUAL KEY unit comprises one bedroom and a spacious studio, both offering attractive rental prospects. The one-bedroom unit previously commanded a weekly rent of $730. Positioned on the 14th floor, this generously sized dual-key apartment also includes a designated parking space.

The potential rental income is impressive, with the one-bedroom unit and its accompanying parking space fetching $730, and the studio garnering $550 plus an additional $50 for the parking space, resulting in a combined total exceeding $1300 per week.

The studio apartment is notably roomy, featuring an open-plan living area that seamlessly connects to a balcony. The studio's layout encompasses an open-plan living and kitchen area and a spacious bathroom adorned with tiled flooring throughout.

Conveniently located on George Street, "The Summit" apartment building offers proximity to World Square, restaurants, public transportation, Coles, and Chinatown. The building's amenities include one secure car space, air conditioning, a 24-hour concierge, security features, an intercom system, and access to an indoor swimming pool, spa, games room, BBQ area, and gymnasium.

Approx outgoings:
Strata levies: $2401pq (after 10% discount)
Special levies: $1147 per quarter
Council rates: $299/pq
Water rates: $175/pq

Property Features

  • Renovated
  • Built-In Wardrobes
  • Modern Kitchen
  • Modern Bathroom
  • Internal Laundry
  • Quiet Location
  • Garden
  • Intercom
  • Lift
  • Security
  • Parking
  • Terrace/Balcony
  • Views
  • Air Conditioning/Heating
  • Pool
  • Spa
  • Gym
  • Close to Schools
  • Close to Shops
  • Close to Transport


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