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.
