11/40 Wellington Street, East Perth WA 6004

ATTENTION INVESTORS- PRICE DROP TO $455,000-THIS IS A TRUE BARGAIN

Well presented apartment with long term tenants paying $500 per week. The rent could be increased to $550 based on the current rental market prices. ( Please still make your own research if you are interested as an investor).

Enjoy inner city living, all the amenities are on offer from this city based apartment. Cafes & restaurants on Hay Street, relaxation in Langley Park, Queens Garden, public transport at the front door. Ettington building comprises 38 units, three levels with lift and secure parking.

Attractive central location, you are only a short stroll to city landmarks like The Perth Mint, WACA Ground or the Royal Perth Hospital. Just jump on and off the public transport at the front of the building and you will get to the CBD in minutes. The new playground at Wellington Square is just a walk away, hours of fun to be had if you have kids!

The property is currently leased for $500 per week. The tenants are happy to stay indefinitely but if you prefer to have it as your own residence, the property can be vacated by settlement.

Features include:
- Well maintained and presented home
- Fully renovated 10 years ago
- Ensuite to master bedroom
- All 3 bedrooms are well sized and 2 of them include built in robes.
- New hot water system. The entire apartment was painted 4 months ago.
- Spacious living area, balcony looks out to East Perth
- 2 side-by-side car space
- Luscious gardens

Water rates: $1488 per annum
Council rates: $1,555.70 per annum
Strata levies: $4,380 per annum ($748 of it goes into the Reserve Fund every year).