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.