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222/305 Murray Street, Perth WA 6000

$199,000
  • 1 Bedroom
  • 1 Bathroom
Apartment
Added 14 days ago
222/305 Murray Street, Perth WA 6000

Rock Solid Investment

This 31sqm hotel room unit is leased to Oaks Perth Hotel, which is part of Minor Hotels Group an international hotel owner, operator, and investor headquartered in Bangkok, Thailand, with more than 550 hotels in over 55 countries across Asia-Pacific, the Middle East, Africa, the Indian Ocean, Europe, and the Americas.

The current 10 year lease commenced on 18 August 2023 and expires on 17 August 2033, plus there is a further 3 x 10 years options.

The current base rental is $16,471.68 per annum plus $3,000 per annum contribution towards outgoings by the Oaks Hotel plus a yearly fixed rent review.

Oaks operates a reception, lobby, restaurant, bar and conference rooms on the ground floor, the hotel also offers laundry facilities on each level to guests.

Located just 100m from the Murray Street Mall and Perth underground Train Station, Hay Street Mall and the free CAT bus at your door, you are surrounded by luxury shopping Gucci, Louis Vuitton, Watches of Switzerland the list goes on, Raine Square is over the road, restaurants, cinema, retail shops, plus all the other activities that the CBD has to offer are all close, as are the major Mining, Oil and Gas company Headquarters.

With all these positives as you can imagine occupancy levels we understand to be at the very high end of industry standards.

This secure investment should return you in the area of 6.5 to 7% and is truly a set and forget investment.

Call me anytime to discuss this investment opportunity.

Property features

  • Air conditioned  
  • Toilets 1
  • Floor area 31m2

Property snapshot by reiwa.com

This property at 222/305 Murray Street, Perth is a one bedroom, one bathroom apartment listed for sale by David Tuckey at Tuckey Property Group.

For more information about Perth, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Perth profile page.

If you would like to get in touch with David Tuckey regarding 222/305 Murray Street, Perth, please call 0407 991 130 or contact the agent via email.

Cost breakdown

  • Council rates: $1,276 / year
  • Water rates: $1,580 / year
  • Strata fees: $738 / quarter

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Nearby schools

0.2km
St George's Anglican Grammar School
  • Secondary
  • Non-government
1.1km
Mercedes College
  • Secondary
  • Non-government
1.6km
Highgate Primary School
  • Primary
  • Government
Disclaimer

Perth overview

Perth is the bustling, exciting capital of Western Australia and the location of the Central Business District. With attractions such as Elizabeth Quay and the Bell Tower, the city basks in the stunning surrounds of the Swan River. Young, hip and evolving at a rapid pace, Perth is firmly establishing itself as a world-class city centre.

Life in Perth

With major developments underway in Perth to elevate the city’s cultural panache, Perth is experiencing a cultural awakening. Laneway bars and rooftop venues are in abundance, as well as a broad range of restaurants to satisfy any palate. Transport in and out of the city is convenient with the Perth Train Station and Bus Station as well as free CAT bus services. Carillion City, Forrest Chase and the Hay Street and Murray Street malls (to name a few) will appeal to retail addicts.

Perth quick stats

High end $1.2m
Median $1.0m
Low end $905k
This listing
12.0 %
Annual growth
$1.0m
Annual median sales price
$750pw
Annual median rental price

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FAQ's

222/305 Murray Street, Perth is listed for sale by David Tuckey at Tuckey Property Group.

You can contact the agent here.

222/305 Murray Street, Perth is a 1 bedroom, 1 bathroom apartment.

222/305 Murray Street, Perth has been viewed 224 times on reiwa.com, and has appeared 11,779 times in reiwa.com search results.

The median house price in Perth is $1,014,000, the median unit price is $465,000.
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