404/201 Hay Street, East Perth WA 6004
$325,000
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2 Bedrooms
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1 Bathroom
Apartment
View
THIS PROPERTY IS FOR INVESTORS ONLY
INSPECTION BY APPOINTMENT
NOT FOR RESIDENTIAL USE. SHORT STAY ONLY FOR HOTEL GUESTS
This property is a lucrative investment opportunity, particularly suitable for investors seeking a hassle-free income stream with an existing lease in place with a Hotel Group. . Here's a summary of the key points:
Property Details:
Type: 2-bedroom, 1-bathroom apartment in The Mantra Hotel, East Perth.
Size: Internal living area 74sqm + balcony 7sqm.
Lease Term: 3 years with 4 additional 3-year options.
Lease Start Date: 1/7/23.
Leased to: Panache Hotel Group.
Rent: $29416.80 per annum with a 3% increase each year.
Net Rent: $22,066.10 per annum
Net Yield: 6.78%
Property Features:
Fully furnished modern apartment.
Split system air conditioning.
Heated Pool & Gym for guests' use.
High occupancy level.
Well-maintained property.
Get 1 week free use of the apartment per year
Location:
Conveniently located in Hay St, East Perth, close to Perth CBD.
Easy walk to Langley Park, Swan River, and Queens Gardens.
Free CAT bus service nearby for easy access to Perth CBD shopping precinct.
Guest Services:
Complimentary WIFI in the lobby.
Safety deposit boxes.
Multilingual staff.
Disabled facilities.
Same-day laundry service (Monday to Saturday).
Wedding facilities.
Housekeeping.
Indoor under-cover heated pool.
Range of fitness equipment.
Undercover car parking availability (fee payable).
Business facilities.
Conference room & facilities.
Financials:
Rates/charges:
Council - $1364 pa
Water - $1584 pa
Strata - $4294 pa
5% FF & E levy $1108.74
Lessee pays a $1000 strata fee contribution for the initial 3 years of the lease.
Inspections:
This investment offer's a secure and hassle-free income opportunity with a reputable lessee in place, favorable lease terms, and desirable facilities for short-stay guests. Interested investors should contact the Hotel apartment specialist Brent Morfesse for further details and to schedule an appointment for inspection.
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 features
-
Floor area
81m2
Property snapshot by reiwa.com
This property at 404/201 Hay Street, East Perth is a two bedroom, one bathroom apartment listed for sale by Brent Morfesse at The Agency.
For more information about East Perth, including sales data, facts, growth rates, nearby transport and nearby shops, please view our East Perth profile page.
If you would like to get in touch with Brent Morfesse regarding 404/201 Hay Street, East Perth, please call 0419 900 747 or contact the agent via email.
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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
$1.8m
Median
$1.5m
Low end
$1.2m
3.4 %
Annual growth
$1.5m
Annual median sales price
$730pw
Annual median rental price
