Positioned moments from St Georges Terrace, this Level 10 one-bedroom residence offers a secure CBD investment within the established All Suites serviced apartment complex.
Leased to Panache Hotel Group, the property returns $24,000 per annum, representing an approximate 5.2% gross yield based on the $460,000 price. Current net income is approximately $12,870 per annum after council and strata levies.
The apartment features a well-appointed bedroom, flexible living area with integrated pull-out bed, split system air conditioning, and a functional 68sqm layout including balcony.
Set-and-forget investment with professional hotel management in one of Perth's most tightly held CBD locations. Available individually or as part of a multi-unit opportunity.
Features and Rates (Estimated):
- Internal: 60sqm | Balcony: 8sqm | Total: 68sqm
- Strata: $2,100pq (Admin) + $346.50pq (Reserve) | Council: $1,376.85pa | Water: $2,094.33pa
- Level 10
- Orientation: North, West
- Built: 1900
- Zoning: Short Stay (Strata)
- Council: City of Perth
- Total Strata Lots In Complex: 79
- Long term lease earning $24,000pa with fixed increases built in
Walking distance to fantastic amenities and attractions, including (Approximately):
- 89m to West Australian Symphony Orchestra
- 150m to closest café
- 190m to closest free CAT bus stop
- 290m to Royal Perth Hospital
- 400m to The Perth Mint
- 650m to Carlton Centre
- 750m to Rise Supermarket
- 750m to Hay Street Mall
- 800m to London Court
- 850m to Plaza Arcade
- 850m to Langley Park
- 950m to Wellington Square
- 1.1km to Elizabeth Quay
- 1.2km to Queens Gardens
Contact Exclusive Selling Agent Brendon Habak on 0423 200 400 and Mievez Narayan on 0420 821 869 to arrange your inspection.
Disclaimer: Buyers are required to rely on their own research and complete due diligence prior to purchasing. All rates, sizes and distances are estimated and subject to change at all times without notice.
Features
- Air Conditioning
- Balcony
- Built-in Wardrobes
- Dishwasher
