Noonan Property exclusively presents the following six residential apartments for sale individually or collectively via Expressions of Interest offers closing 3pm Wednesday, 25 June 2025.
Unit 301, Mantra on Kent, 433-435 Kent Street, Sydney
Unit 906, Mantra on Kent, 433-435 Kent Street, Sydney
Unit 1003, Mantra on Kent, 433-435 Kent Street, Sydney
Unit 1502, Mantra on Kent, 433-435 Kent Street, Sydney
Unit 1701, Mantra on Kent, 433-435 Kent Street, Sydney
Unit 2204, Mantra on Kent, 433-435 Kent Street, Sydney
These six modern apartments feature quality interiors, galley style kitchens, spacious living and bedroom areas, renovated and fully tiled bathrooms, built-in robes and storage cupboards, individually controlled air conditioning and large windows providing excellent natural light and expansive views overlooking Darling Harbour and the Sydney CBD skyline. A selection of apartments also include internal laundries, balconies and additional study areas.
These immaculately presented apartments are leased as serviced apartments to Kent Street Suites Pty Limited, trading as Mantra on Kent. The tenant is a subsidiary of Accor, a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties. Accor is the largest hospitality company in Europe and the sixth largest hospitality company worldwide, operating in 5,584 locations in over 110 countries.
All six apartments are offered with a renewed 1+1+1+1+1 year lease and are generating fixed rental income between $30,360 and $36,384 per annum depending on the size and positioning of each apartment within the building. The leases also provide for the tenant to pay strata levies (excluding sinking fund or special levy contributions), council rates and water rates on the behalf the owner together with incorporating annual CPI rental increases and repair and maintenance provisions.
Mantra on Kent at 433-435 Kent Street, Sydney is a stylishly designed 28-storey building comprising 114 residential apartments. The building was completed c1999 and features an impressive main lobby area with high ceilings, mezzanine restaurant, fully equipped meeting rooms and two high-speed lifts. The building is superbly located and is easily accessible to Wynyard, Martin Place, Town Hall, Barangaroo, Darling Harbour and a host of tourism attractions including Sydney Aquarium, Queen Victoria Building, Pitt Street Mall and Hyde Park.
