FOR SALE
$245,000

508/305 Murray Street
Perth WA 6000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 37m2
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Central Perth Investment

Great location and fantastic street view from this north facing position overlooking Raine Square shopping and entertaining precinct, Louis Vuitton and brand new Gucci store.
This self-contained apartment is a secure investment with immediate and constant income under a 10 year lease that commenced August 2023 and due for renewal 17 August 2033 with options of three (3) further terms of 10 years.
Currently leased to Oaks Perth Hotel, part of an Australian wide Oaks Hotels & Resorts group. Located within walking distance to the city central business district, shopping precincts, restaurants, free cat bus, underground train station, and entertainment options making it highly desirable for potential tenants.
FEATURES
- Located on level 5
- North facing with views
- 37sqm internal living serviced apartment
- Furnished and self-equipped
- Reverse cycle air-conditioning
Base Annual Rent $20,856.42
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Property Details for 508/305 Murray St, Perth

508/305 Murray St, Perth is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 37m2. The place is currently for sale with Morgan Sudlow & Associates.

Building Type
Apartment
Floor Size
37m2

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About Perth 6000

The size of Perth is approximately 4.6 square kilometres. It has 21 parks covering nearly 18.1% of total area. The population of Perth in 2011 was 9,236 people. By 2016 the population was 11,424 showing a population growth of 23.7% in the area during that time. The predominant age group in Perth is 20-29 years. Households in Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Perth work in a professional occupation. In 2011, 37.1% of the homes in Perth were owner-occupied compared with 35.1% in 2016.

Perth has 11,664 properties. Over the last 5 years, Houses in Perth have seen a 33.11% increase in median value, while Units have seen a 45.23% increase. As at 31 October 2024:

  • The median value for Houses in Perth is $1,023,675 while the median value for Units is $548,965.
  • Houses have a median rent of $700 while Units have a median rent of $655.
There are currently 166 properties listed for sale, and 83 properties listed for rent in Perth on OnTheHouse. According to CoreLogic's data, 830 properties were sold in the past 12 months in Perth.

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Tim Duffield
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Morgan Sudlow & Associates
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