427/305 Murray Street, Perth WA 6000
$249,000 - $370,000
-
1 Bedroom
-
1 Bathroom
Apartment
View
Investment Highlight! 4 Investment Apartments For Sale
In addition to Unit 427, the following fully leased strata hotel units within the Oaks Perth Hotel are also available for purchase:
• Lot 142 / 604
• Lot 154 / 616
• Lot 14 / 114
These lots offer similar strong rental performance, long term lease security, and benefit from the same recent hotel upgrades, including new air conditioning units, bedding, and furniture — improvements that have driven rent increases in the past six months more than $2,600+ for smaller units, and larger units $3,700 and $4,600.
• Fully leased strata freehold unit in Oaks Perth Hotel
• 10 year lease from 18/08/2023 to 17/08/2033
• 3 × 10 year options to 2063
• Gross income last year: $20,841.33 p.a. (incl. variable outgoings top up)
• National tenant: Oaks Hotels & Resorts Limited
• Recent hotel upgrades driving stronger rental performance
o Over the past 6 months, Oaks Perth has completed upgrades including new air conditioning units, bedding, and furniture
o These improvements have resulted in rent increases in the past six months more than $2.600 for smaller units, larger units $3,700 and $4,600.
o Enhances long term income stability and tenant appeal
Property features include
• Internal area: 31sqm
• Built: 2003
• Zoning: Short Term Residential
• Council: City of Perth
• Total strata lots: 252
Hotel Facilities feature
• 24 hour reception & lobby
• Onsite restaurant & bar
• Boutique retail on ground floor
• Guest laundry
• Conference & meeting rooms
Murray Street is all about convenience and lifestyle right in the heart of Perth. Set in a central CBD pocket, you’re moments from cafés, bars, shopping and everyday essentials, with easy access to public transport for a smooth commute in any direction.
Legal Particulars
• Council rates: $1,319.70 p.a.
• Water rates: $1,096.24 p.a.
• Strata admin: $454.81/qtr
• Strata reserve: $161.03/qtr
Please note strata fees vary with each unit.
For further details or to arrange a private inspection, please contact Rob Thomas on 0497 906 988. Text or email welcome.
Property features
-
Floor area
31m2
Property snapshot by reiwa.com
This property at 427/305 Murray Street, Perth is a one bedroom, one bathroom apartment listed for sale by Rob Thomas at New Edge Real Estate.
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 Rob Thomas regarding 427/305 Murray Street, Perth, please call 0497 906 988 or contact the agent via email.
Nearby schools
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
$1.7m
Median
$1.4m
Low end
$1.3m
14.1 %
Annual growth
$1.4m
Annual median sales price
$777pw
Annual median rental price
