FOR SALE
$325,000

404/201 Hay Street
East Perth WA 6004

Bedrooms: 2
Bathrooms: 1
Car spaces: 7
Floor area: 81m2
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THIS PROPERTY IS FOR INVESTORS ONLY

INSPECTION BY APPOINTMENT
NOT FOR RESIDENTIAL USE. SHORT STAY ONLY FOR HOTEL GUESTS
This property is a lucrative investment opportunity, particularly suitable for investors seeking a hassle-free income stream with an existing lease in place with a Hotel Group. . Here's a summary of the key points:
Property Details:
Type: 2-bedroom, 1-bathroom apartment in The Mantra Hotel, East Perth.
Size: Internal living area 74sqm + balcony 7sqm.
Lease Term: 3 years with 4 additional 3-year options.
Lease Start Date: 1/7/23.
Leased to: Panache Hotel Group.
Rent: $28,560 per annum with a 3% increase each year.
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Property Details for 404/201 Hay St, East Perth

404/201 Hay St, East Perth is a 2 bedroom, 1 bathroom Apartment with 7 parking spaces. The property has a floor size of 81m2. The place is currently for sale with The Agency Perth.

Building Type
Apartment
Floor Size
81m2

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About East Perth 6004

The size of East Perth is approximately 3.2 square kilometres. It has 21 parks covering nearly 33.5% of total area. The population of East Perth in 2011 was 8,184 people. By 2016 the population was 10,598 showing a population growth of 29.5% in the area during that time. The predominant age group in East Perth is 20-29 years. Households in East Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Perth work in a professional occupation. In 2011, 37.8% of the homes in East Perth were owner-occupied compared with 37.6% in 2016.

East Perth has 8,398 properties.

    There are currently 106 properties listed for sale, and 65 properties listed for rent in East perth on OnTheHouse. According to CoreLogic's data, 640 properties were sold in the past 12 months in East perth.

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