59/16 Grey Street, Cannington WA 6107

High Rental Yield >6% Apartment Complex ~5min walk

Comprising 78 apartment units on a massive land size of ~1.11 Hectare, this Cannington complex presents a wonderful investment opportunity.

Greystone Mews apartment complex is currently almost 100% occupied with current rental income of ~$1,667,000 annually with projected income of $1,910,000 annually.

Built in 2016, this modern complex comprising of 62x 2Bedroom + 2 bathrooms apartment units and 16x 1 bedroom apartment units, configured over two levels. Additionally, there are two different 2x2 layouts and six 1x1 layouts.

Greystone Mews offers residents low-maintenance living in a revitalised, up-and-coming suburb which is set for future infrastructure expansion. Sitting in a prime position, location highlights include Westfield Carousel and Cannington Train Station - which are both within walking distance. Cannington Leisureplex's gym, pool, sports courts, café, and library are three minutes away, and Curtin University is just 5km away.

Property Features:
- Multiple configurations to accommodate a range of living dynamics.
- Large windows and doors.
- Private courtyard or balcony.
- Quality fittings, stone benchtops, electric stove stop, tiled splashbacks, and stainless-steel appliances including under-bench oven.
- Soft-close drawers.
- Stone-topped vanities and semi-frameless glass shower.
- Bedrooms with soft neutral carpets and either a WIR or BIR.
- Common landscaped alfresco area with three BBQs, so residents can entertain larger groups.

Highly secure.
- Security mesh, key-locked windows and doors, plus a lockable storeroom for each apartment.
- CCTV cameras throughout complex.
- Two carpark entrances controlled by private swipe card and an intercom.


Location Features:
- 5 minute walk to Westfield Carousel.
- 6 minute drive to Mills Park.
- 16 minute drive to Perth Airport.
- 20 minute drive to Perth city.
- 600m to Cannington Train Station.
- 5km to Curtin University.
- Close to local primary schools.
- Quick access to Albany Highway, Tonkin Highway & Roe Highway.
- Close proximity to community services, transport infrastructure, and amenities.

DISCLAIMER
We have in preparing this information used our best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein.