Apartment
Australia
1 / 8

7/22 Ocean Avenue

56
7/22 Ocean Avenue, Double Bay, NSW, Sydney, Australia

A recently renovated two-bedroom, one-bathroom apartment with one car park in a well-maintained Art-deco block of 12 units in Double Bay, Sydney. It features high ceilings, oversize windows, a gas kitchen with a 5m Caesarstone benchtop and a Carrara marble bathroom. The Double Bay village centre and harbourfront are within a 400m walk, with Edgecliff station 300m away.

Property Overview

Bedrooms

2

Bathrooms

1

Size

N/A

Year Built

N/A

Investment Returns Projection

Projected value

$1,348
$348 (34.80%)
Investment Summary
Asset Price$1,123,106.40
Share Price$53.30
Annual Yield6.15%
Monthly Rental$2,732.17
Appreciation RateN/A
Occupancy Rate100%
Where the Raise Goes

The offering costs $849,072.25 in total. The property itself is $848,250.00, so 0.1% of the total sits on top of the purchase price in reserves, costs and fees. Investors put in $617,500.00 and a $231,572.25 loan covers the rest.

  • Purchase price99.9%$848,250.00
  • Reserves and improvements0.9%$7,912.81
  • Closing and offering costs6.0%$50,587.19

Figures as published by the platform at listing. Reserves are held for the property and stay inside the deal, closing costs and the platform fee do not.

Shares Information

Total Shares

10,000

Share Price

$53.30

Shares Available

10,000

Minimum Investment

$53.30

Share Holders

N/A

Platform Fee

0.34%

Management Fee

0.13% a year

Leverage

27% debt

Property Features

Property Type

Apartment

Bedrooms

2

Bathrooms

1

Size

N/A

Year Built

N/A

Condition

N/A

Street View
Total Price

$1,123,106.40

Share Price$53.30
Annual Yield6.15%
Shares Available10,000