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708/150 Pacific Highway, North Sydney NSW 2060

708/150 Pacific Highway, North Sydney NSW 2060

Price: $ 0.85
Item: 708150PHNS
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One bedroom Apartment + Study + Winter garden

Asking price $850,000

The location of Polaris is the most convenient in North Sydney, just a few meters from the new Metro, 5 minutes' walk to the old railway station and numerous bus lines at the front of the building. The property is in good condition offered with designer furniture and an a tenancy agreement until April 2026 for $875 per week; showing an excellent return on investment.

 

The Polaris has become one of North Sydney's iconic buildings, designed by architects Allen Jack+Cottier, it is in a class of its own. Apartment 708 is situated on the quiet side of the building facing Berry Street. The perfect rectangular floor plan that will accommodate ample furniture. A large bedroom with built-ins opening onto the winter garden and another room also with built-ins at the entry, ideal for a study, separate dining or guest room. The living room is commodious, also opening onto the winter garden, and a beautiful kitchen with an island bench at the entry.

 

Investors note:
The property is current leased out furnished at $875 per week: at the asking price this represents approximately 5.3% gross yield and a net yield (less statutory outgoings) of approximately 4.55%. Factor in depreciation allowance and this becomes a very attractive investment in a prime North Sydney location.

Property Features:
*Reverse cycle air conditioning.
*Stone benchtops.
*Open winter garden.
*Mirrored cabinets in the bathroom.
*Full wardrobes and cabinets in the bedroom.
*Multiple fast passenger lifts.
*Stunning sky lounge with bar area and magic views.
*Concierge service.

Outgoings:
Strata Levies: $1,157.47/qtr.
Council Rates: $318.00/qtr.
Water Rates: $213.22/qtr
Total outgoings:$1,688.69/qtr.