Sold
Lot 140, 602/305 Murray Street, Perth WA 6000
Sold price: $222,000
Sold: 11 Sep 2024
Sold
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1 Bedroom
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1 Bathroom
Apartment
View
Secure Hotel Investment
This 36sqm hotel room unit is leased to Oaks Perth Hotel, which is part of Minor Hotels Group an international hotel owner, operator, and investor headquartered in Bangkok, Thailand, with more than 550 hotels in over 55 countries across Asia-Pacific, the Middle East, Africa, the Indian Ocean, Europe, and the Americas.
The current 10 year lease commenced on 18 August 2023 and expires on 17 August 2033, plus there is a further 3 x 10 years options.
The current base rental is $18,906.17 per annum plus $3,000 per annum contribution towards outgoings by the Oaks Hotel plus a yearly fixed rent increase.
Oaks operates a reception, lobby, restaurant, bar and conference rooms on the ground floor, the hotel also offers laundry facilities on each level to guests.
Located just 100m from the Murray Street Mall and Perth underground Train Station, Hay Street Mall and the free CAT bus at your door, you are surrounded by luxury shopping Gucci, Louis Vuitton, Watches of Switzerland the list goes on, Raine Square is over the road, restaurants, cinema, retail shops, plus all the other activities that the CBD has to offer are all close, as are the major Mining, Oil and Gas company Headquarters.
With all these positives as you can imagine occupancy levels we understand to be at the high end of industry standards.
This secure investment should return you in the area of 6.5% and is truly a set and forget investment.
Call me anytime to discuss this investment opportunity.
Property features
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Air conditioned
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Toilets
1
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Floor area
36m2
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Gas HWS
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RCDs/smoke alarms
Property snapshot by reiwa.com
This property at Lot 140, 602/305 Murray Street, Perth is a one bedroom, one bathroom apartment sold by David Tuckey at Tuckey Property Group on 11 Sep 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.
Cost breakdown
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Council rates: $1,276 / year
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Water rates: $1,580 / year
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
$1.4m
Median
$1.2m
Low end
$970k
28.3 %
Annual growth
$1.2m
Annual median sales price
$750pw
Annual median rental price
