Exceptional Investor Opportunity

This highly desirable 2-bedroom, 2-bathroom apartment with one car parking bay in a tightly held building strong tenant demand represents excellent value for the investor. Leased at $460 per week until 22nd September 2022, it is showing close to a 5% return.<br/><br/>The Perth residential market has gone from strength to strength in the last year, bolstered by a world-leading COVID-19 economic recovery and has seen:<br/><br/>• A 40 Year low residential vacancy rate of 0.8% in November 2021;<br/>• Apartment prices achieving 8 per cent annual growth over the past year;<br/>• Unit transaction sales up 47.9% since Dec 2020;<br/>• A 14.7% median rental price increase over the last 12-months;<br/>• Improved dwelling finance activity; and<br/>• Skyrocketing construction costs putting upward pressure on values for new apartment projects<br/><br/>Details<br/>• Internal 75 sqm<br/>• Balcony 25 sqm<br/>• Store room 4 sqm<br/>• Secure car bay<br/>• Reverse Cycle air con to living and master bedroom<br/>• Quality light fittings, window treatments and floor coverings<br/>• The property is currently leased at $460 per week until 22nd September 2022.<br/><br/>Call Vicki Billings on 0434 659 843 or Greg Billings on 0434 659 808 now and make sure you don't miss out.<br/>NB - Images indicative only