94/33 Mounts Bay Rd, Perth WA 6000

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7.62% P.A NET RETURN

Apartment 94 in the Medina Grand hotel complex is positioned next to the convention centre between the Swan River and the western end of St. Georges Tce, Perth. Property in this area has remained very scarce, and resultantly has strong capital gains potential. The real value and security of this investment apartment is the secure lease for seven years to Multiplex plus a ten year option to the operator, Medina Hotels. Having a guaranteed income set at an extremely attractive level means you are insulated from increasing interest rates. Further to the guaranteed income, Multiplex pays all costs associated with owning the investment property; including strata levies, management costs, maintenance, rates and taxes. Medina Grand is operating at above 95% occupancy. These super-figures are due to the shortage in serviced apartment accommodation in Perth, which has assisted in ramping up rack-rates and occupancy levels. Ideally located serviced apartments such as those in the Medina Grand are out-performing all other investment property categories, and simultaneously make the most secure investments in the market.

47 sqm int.
4 sqm ext.
Level 4, 1 bdm Premier Apartment
Amenities include a pool, restaurant and gym.