Above the Fray, Large Studio with Harbour Views

Under Offer

High on the 16th floor with harbour views is this wonderful apartment in the most sought after building in North Sydney, the Belvedere. The size of a one-bedroom apartment, this studio style has an internal bedroom with built-in wardrobes and cabinets. Comfortable living room opening onto an enclosed balcony, often used as a study or dining room. The building has a rooftop pool and gym, very fast lifts; and the apartment has a large storage space on title.

First home buyers note:
At the asking price of $775,000, there would be no stamp duty applicable for first home buyers in NSW, thus your upfront purchasing costs are greatly reduced.
https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer

Investors note:
The property would be leased at $700 per week: at the asking price this represents approximately 4.7% gross yield; this level of yield hasn't been achievable for more than a decade in this area. Factor in depreciation allowance and this becomes a very attractive investment in a prime North Sydney location.

Features:
Reverse cycle air conditioning.
*German appliances in the kitchen.
*Stone benchtops.
*Open or enclosed balcony/wintergarden.
*Mirrored cabinets in the bathroom.
*Full wardrobes and cabinets in the bedroom.
*Tiled floor in the living room and balcony, carpet in the bedroom.
*Gym, swimming pool and roof-top entertaining area.
*Four passenger lifts and one commercial lift.
*Apartment Size: 52 sqm
*Storage: 3 sqm

Strata Levies: $1,339.85/qtr.
Council Rates: $320.00/qtr.
Water Rates: $175.98/qtr.
Total outgoings: $1,835.83/qtr. or $140.22 per week.