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Sold on 02 Aug 2024 - Price Unavailable

Mounts Bay Road
Perth WA 6000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 45/33 Mounts Bay Rd, Perth

45/33 Mounts Bay Rd, Perth is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Apartment sold in Perth in the last 12 months.

Building Type
Apartment
Local Government
Perth

Last Listing description (August 2024)

*******INVESTMENT SUMMARY:*******

If you are looking for an INVESTMENT with approx a 7% NET RETURN and NO hassle, look no further.

This property is one of many that constitute the fantastic serviced apartments at the Convention Centre in Perth. With an unbeatable location, this unit is within a few hundred metres from Elizabeth Quay, Perth CBD, bus stops, and the gorgeous Swan River.

The properties are zoned exclusively for short stays and are managed by international hotel operator, Adina Hotel Group.

As per the updated 15-year Hotel Management Agreement (HMA) that was signed on 28/11/22, Adina will take care of the management and upkeep of the property as well as the division and allocation of funds to owners on an ongoing basis.

This is a RARE opportunity to secure an investment property with a guaranteed base rental income AS WELL AS a percentage of Adina's profits.

These properties perfectly suit investors who are looking for a high yield, cashflow-generating investment that will continue to produce income for the owner for years to come.

Note, this is strictly for investors and does not suit owner occupiers.

Don’t miss out – contact Alyssa for more information at alyssa@perth.prd.com.au.

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Property History for 45/33 Mounts Bay Rd, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
02 Aug 2024
  • 02 Aug 2024
    Sold for $217,000
  • 11 Oct 2023
    Listed for Sale Not Disclosed

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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 11,650 properties. Over the last 5 years, Houses in Perth have seen a 31.76% increase in median value, while Units have seen a 44.24% increase. As at 30 September 2024:

  • The median value for Houses in Perth is $1,018,196 while the median value for Units is $548,283.
  • Houses have a median rent of $700 while Units have a median rent of $650.
There are currently 167 properties listed for sale, and 69 properties listed for rent in Perth on OnTheHouse. According to CoreLogic's data, 815 properties were sold in the past 12 months in Perth.

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Alyssa Bay
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