In addition to Unit 427, the following fully leased strata hotel units within the Oaks Perth Hotel are also available for purchase:
• Lot 142 / 604
• Lot 154 / 616
• Lot 14 / 114
These lots offer similar strong rental performance, long term lease security, and benefit from the same recent hotel upgrades, including new air conditioning units, bedding, and furniture — improvements that have driven rent increases in the past six months more than $2,600+ for smaller units, and larger units $3,700 and $4,600.
• Fully leased strata freehold unit in Oaks Perth Hotel
• 10 year lease from 18/08/2023 to 17/08/2033
• 3 × 10 year options to 2063
• Gross income last year: $20,841.33 p.a. (incl. variable outgoings top up)
• National tenant: Oaks Hotels & Resorts Limited
• Recent hotel upgrades driving stronger rental performance
o Over the past 6 months, Oaks Perth has completed upgrades including new air conditioning units, bedding, and furniture
o These improvements have resulted in rent increases in the past six months more than $2.600 for smaller units, larger units $3,700 and $4,600.
o Enhances long term income stability and tenant appeal
Property features include
• Internal area: 31sqm
• Built: 2003
• Zoning: Short Term Residential
• Council: City of Perth
• Total strata lots: 252
Hotel Facilities feature
• 24 hour reception & lobby
• Onsite restaurant & bar
• Boutique retail on ground floor
• Guest laundry
• Conference & meeting rooms
Murray Street is all about convenience and lifestyle right in the heart of Perth. Set in a central CBD pocket, you’re moments from cafés, bars, shopping and everyday essentials, with easy access to public transport for a smooth commute in any direction.
Legal Particulars
• Council rates: $1,319.70 p.a.
• Water rates: $1,096.24 p.a.
• Strata admin: $454.81/qtr
• Strata reserve: $161.03/qtr
Please note strata fees vary with each unit.
For further details or to arrange a private inspection, please contact Rob Thomas on 0497 906 988. Text or email welcome.
