303/201 Hay St, East Perth is a 2 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Apartment sold in East Perth in the last 12 months.
INSPECTION BY APPOINTMENT ONLY
A Fully Furnished Modern 2 bedroom 1 bathroom apartment The property offers a contemporary living space, equipped with all necessary amenities for a comfortable stay. Providing excellent amenities for Guest Comfort: All rooms have Split system air conditioning ensures climate control, while guests can enjoy access to a heated pool and gym during their stay, enhancing the overall experience.
Net Yield 6.75% PA
With a high occupancy level, this property presents a stable income stream for an investor. In a prime location Situated on the corner of Hay St & Bennett East Perth, close to the CBD and key attractions such as Langley Park, Swan River, and Queens Gardens, the property enjoys a desirable location, attracting both business and leisure travelers. The property benefits from easy access to public transportation, including the free CAT bus service, facilitating guest mobility and exploration of the Perth CBD shopping precinct. A range of guest services, from complimentary WIFI and safety deposit boxes to multilingual staff and disabled facilities, ensures a comfortable and inclusive experience for guests.
Additional Perks for Investors: Investors receive 5 days of free use of the apartment annually, adding value to their investment.
Overall, this investment opportunity offers a hassle-free income stream with an existing lease in place, coupled with the potential for capital appreciation in a well-maintained property situated in a prime location with high demand.
NET YIELD 6.75% PA
In summary, the rental situation is as follows.
Rent from July 1 2024 $28,984.20
Strata Fees contribution from Hotel $1000.00
Less Outgoings
F,F and E Reserve from July 2024
5% OF Gross Rent $1,449.21
Strata Fee $4723.50
Council Rates $1,320.10
Water Rates $1,560.81
Total Outgoings $9053.62
Net Rental $20,930.58
Contact Brent Morfesse for more details or to arrange an inspection 0419 900 747
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
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 8,378 properties. Over the last 5 years, Houses in East Perth have seen a 15.92% increase in median value, while Units have seen a 26.54% increase. As at 31 July 2024:
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