Apartment Sold - WA - East Perth - 6004 - THIS IS AN INVESTMENT ONLY APARTMENT AND NOT FOR RESIDENTIAL USE. THE APARTMENT IS LEASED TO PANACHE HOTEL GROUP (Image 2)

303/201 Hay Street East Perth WA 6004

Sold $300,000

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Property Type Apartment
Region Perth
Locality Perth

Tags: Lease Hay Income

THIS IS AN INVESTMENT ONLY APARTMENT AND NOT FOR RESIDENTIAL USE. THE APARTMENT IS LEASED TO PANACHE HOTEL GROUP

INSPECTION BY APPOINTMENT ONLY

A Fully Furnished Modern 2 bedroom 1 bathroom apartment The property offers a contemporary living space, equipped with all necessary amenities for a comfortable stay. Providing excellent amenities for Guest Comfort: All rooms have Split system air conditioning ensures climate control, while guests can enjoy access to a heated pool and gym during their stay, enhancing the overall experience.

Net Yield 6.75% PA

With a high occupancy level, this property presents a stable income stream for an investor. In a prime location Situated on the corner of Hay St & Bennett East Perth, close to the CBD and key attractions such as Langley Park, Swan River, and Queens Gardens, the property enjoys a desirable location, attracting both business and leisure travelers. The property benefits from easy access to public transportation, including the free CAT bus service, facilitating guest mobility and exploration of the Perth CBD shopping precinct. A range of guest services, from complimentary WIFI and safety deposit boxes to multilingual staff and disabled facilities, ensures a comfortable and inclusive experience for guests.

Additional Perks for Investors: Investors receive 5 days of free use of the apartment annually, adding value to their investment.

Overall, this investment opportunity offers a hassle-free income stream with an existing lease in place, coupled with the potential for capital appreciation in a well-maintained property situated in a prime location with high demand.

NET YIELD 6.75% PA

In summary, the rental situation is as follows.

Rent from July 1 2024 $28,984.20
Strata Fees contribution from Hotel $1000.00
Less Outgoings
F,F and E Reserve from July 2024
5% OF Gross Rent $1,449.21
Strata Fee $4723.50
Council Rates $1,320.10
Water Rates $1,560.81
Total Outgoings $9053.62

Net Rental $20,930.58

Contact Brent Morfesse for more details or to arrange an inspection 0419 900 747

Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.