FOR SALE
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611/201 Hay Street
East Perth WA 6004

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 77m2
Land area: 81m2
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Fully Leased Serviced Apartment - Hassle free Investment!!

Century 21 River Residential are pleased to offer this fully furnished two-bedroom serviced apartment for sale. This apartment is located within the Mantra on Hay; a development which offers a hassle-free investment opportunity.
This apartment is securely leased to Panache Hotel Group for 3 years starting 1/7/2023. Income from 01/07/2023 is $29,820.00 per annum ex GST. The rent is payable monthly in advance with 3% increases per annum. There are 2 lease option periods available of three years each.
There is a Furniture, Fittings, and Equipment Reserve levy equivalent to 5% of lease payments for the upkeep of the lessors' furniture and chattels.
From the moment you step inside, you'll appreciate the modern design throughout. The apartment features two spacious bedroom's with a built-in wardrobe's, two contemporary bathroom's, internal laundry with a washing machine and dryer, reverse cycle air conditioning and a generous lounge room and balcony area that's perfect for relaxing.
This apartment makes the perfect investment as everything as your occupants will find everything they need right on their doorstep and it's just a short walk to public transport, making getting around and exploring a breeze.
RATES INFORMATION:
Council Rates (City of Perth) - $1426.20 pa
Water Service Charges (Rates) - $2,094.36 pa
Strata Levies (Admin and Reserve) - $1,917.00 pq (Admin - $831.59 pq / Reserve - $1,085.41 pq)
ABOUT THE HOTEL
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Property Details for 611/201 Hay St, East Perth

611/201 Hay St, East Perth is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a land size of 81m2 and floor size of 77m2. The place is currently for sale with CENTURY 21 River Residential.

Building Type
Apartment
Floor Size
77m2
Land 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 8,387 properties. Over the last 5 years, Houses in East Perth have seen a -11.56% decrease in median value, while Units have seen a 35.64% increase. As at 30 November 2024:

  • The median value for Houses in East Perth is $872,531 while the median value for Units is $590,470.
  • Houses have a median rent of $830 while Units have a median rent of $695.
There are currently 132 properties listed for sale, and 31 properties listed for rent in East perth on OnTheHouse. According to CoreLogic's data, 642 properties were sold in the past 12 months in East perth.

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Justine Barron
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CENTURY 21 River Residential
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