Quality and style in the Belvedere

Asking $1,300,000

East-facing spotless apartment on the seventh floor with partial harbour views. The large living and dining spaces open onto a useful balcony. The main bedroom features an ensuite, built-in wardrobes and access onto a balcony. The second bedroom is complete with built-in wardrobes and a large sliding door that connects to the corridor leading to the second bathroom. The kitchen is complete with quality appliances and an island bench overlooking the dining area. Both bathrooms are in excellent condition with ample storage cabinets. Commodious parking space attached to a storage cage on title. The building has a rooftop pool, gym and very fast lifts.

Investors note:
The property is currently leased at $1,050 per week: at the asking price this represents approximately 4.2% 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.
*Floorboards 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: 90sqm
*Parking & storage: 18 sqm

Strata Levies: $1,842.25/qtr.
Council Rates: $320.00/qtr..
Water Rates: $175.98/qtr,
Total outgoings: $2,338.23/qtr. or $179.86 per week.