Sold
303/201 Hay Street, East Perth WA 6004
Sold price: $300,000
Sold: 29 Jun 2024
Sold
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2 Bedrooms
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1 Bathroom
Apartment
View
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.
Property snapshot by reiwa.com
This property at 303/201 Hay Street, East Perth is a two bedroom, one bathroom apartment sold by Brent Morfesse at The Agency on 29 Jun 2024.
Looking to buy a similar property in the area? View other two bedroom properties for sale in East Perth or see other recently sold properties in East Perth.
Nearby schools
East Perth overview
A tranquil waterside village, East Perth is situated less than two kilometres from the Perth city hub. Admired for its beautiful residential landscapes, the idyllic riverside suburb has long since set the benchmark for inner-city living. East Perth provides a bustling urban lifestyle against a picturesque backdrop.
Life in East Perth
There are eateries, sporting venues, pubs and evening venues all accessible within East Perth. The iconic Royal Street is home to some of the best brunch spots in Perth and there is The Royal on The Waterfront, a much loved pub, restaurant and cocktail bar. The WACA, the home of cricket in Western Australia, is also a feature of the suburb and hosts some of the biggest games in cricket every year. Other notable mentions include the Perth Mint, Claisebrook Cove and City Farm.
East Perth quick stats
High end
$2.3m
Median
$1.6m
Low end
$1.2m
18.6 %
Annual growth
$1.6m
Annual median sales price
$650pw
Annual median rental price
