Sold
45/33 MOUNTS BAY ROAD, Perth WA 6000
Sold price: $217,000
Sold: 02 Aug 2024
Sold
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1 Bedroom
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1 Bathroom
Apartment
View
Great "Set & Forget" Investment Opportunity
*******INVESTMENT SUMMARY:*******
If you are looking for an INVESTMENT with approx a 7% NET RETURN and NO hassle, look no further.
This property is one of many that constitute the fantastic serviced apartments at the Convention Centre in Perth. With an unbeatable location, this unit is within a few hundred metres from Elizabeth Quay, Perth CBD, bus stops, and the gorgeous Swan River.
The properties are zoned exclusively for short stays and are managed by international hotel operator, Adina Hotel Group.
As per the updated 15-year Hotel Management Agreement (HMA) that was signed on 28/11/22, Adina will take care of the management and upkeep of the property as well as the division and allocation of funds to owners on an ongoing basis.
This is a RARE opportunity to secure an investment property with a guaranteed base rental income AS WELL AS a percentage of Adina's profits.
These properties perfectly suit investors who are looking for a high yield, cashflow-generating investment that will continue to produce income for the owner for years to come.
Note, this is strictly for investors and does not suit owner occupiers.
Don’t miss out – contact Alyssa for more information at [email protected].
Property snapshot by reiwa.com
This property at 45/33 MOUNTS BAY ROAD, Perth is a one bedroom, one bathroom apartment sold by Alyssa Bay at PRD Real Estate Perth on 02 Aug 2024.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Perth or see other recently sold properties in Perth.
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
$1.3m
Median
$1.2m
Low end
$943k
22.5 %
Annual growth
$1.2m
Annual median sales price
$650pw
Annual median rental price
