Smart money is moving into Lower Mid Albert Street, and opportunities at this price point are becoming increasingly difficult to find.

This 44m² one bedroom apartment at Manhattan, 105 Albert Street offers an unusually low entry point at just $219,000, with a sitting tenant paying $400 per week and a net return of 7%+ at the asking price.

The current tenant is due to vacate in late October, giving the next owner an immediate opportunity to review the rent and potentially increase the income.

There is, however, an important consideration. The building is currently in the investigative stages following the identification of some sealant related issues requiring repair. Banks will be extremely unlikely to lending against the property, so this is strictly a cash buyer opportunity.

The vendor is reluctantly selling due to other commitments overseas. Their loss could be your opportunity to secure a CBD apartment at a price point rarely seen in this location.

Positioned on Lower Mid Albert Street, the apartment is right in the path of the significant investment and infrastructure uplift surrounding the CRL, with the smartest money increasingly recognising the long term potential of this part of the CBD.

If you have the cash and understand the opportunity, this is worth a closer look.

Reach out for further information and details.

Note: The chattels in the photos may vary from what is being sold, please check the chattels list if this is important to you.