3125/185-211 Broadway Street, Ultimo, NSW 2007

$180,000 - $199,000

Apartment

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Can you afford this property?

Outstanding Investment Opportunity in the Heart of Sydney's Education Precinct

3125/185-211 Broadway Street for Sale

This is an ideal opportunity for investors to secure a fully furnished and spacious 30 sqm loft-style studio apartment in Ultimo-one of Sydney's most sought-after rental locations. Perfectly positioned directly opposite Broadway Shopping Centre and just a short walk to the University of Sydney, UTS, Ultimo TAFE, and Notre Dame, the apartment benefits from consistent, year-round rental demand. The property is already tenanted, delivering instant and reliable rental income. Investment Breakdown: Gross Rental Income: $550 per week, approximately $26,400 per year - Strata Fees: $3,011.36 per quarter, or $12,045.44 annually - Council Rates: Approximately $277.30 per quarter, or $1,109.40 annually - Water Rates: Approximately $226.20 per quarter, or $904.80 annually Total Outgoings: Approximately $14,059.64 per year Net Annual Income: $12,340.36 Net Return: 6.8%