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This securely leased studio apartment in the Mantra on Murray Hotel is a great investment for your portfolio. Consistent returns and minimal outgoings with NO council or water rates payable and only $22.81 per calendar month towards strata common areas.
- Council & Water Rates are paid by Mantra Hotel
- GROSS Rental Income of $17,285.64 PER ANNUM Less $273.72 in Costs P/A.
- NET ANNUAL Income $17,011.92
- SET, FORGET & GET PAID $ EVERY MONTH
- SOLD FURNISHED & EQUIPPED
THESE APARTMENTS ARE NOT AVAILABLE FOR PRIVATE USE
Facilities and location lead to strong occupancy and while this does not affect your income it certainly helps upon rent reviews every 2 years. Current demand post covid-19 is seeing a remarkably busy time.
Features:
- Studio apartment fully furnished & equipped
- 33sqm internal living, level 7 location, best aspect North facing
- Reverse cycle air conditioned (Individual room control)
- Current lease to August 2023 with 3 further 5 year options
- 24 hour reception, daily housekeeping of the apartment
- The Hotel covers repairs and maintenance
- Central Perth CBD location, walking distance to everything in Perth city - shopping, dining and nightlife options
- Facing the stunning new $75 million Raine square development. Including 40 new retail options, food hall, Coles supermarket, Palace Cinemas, and convenient link to Northbridge. Free Cat bus stop adjacent.
For a Private inspection please call Tim Duffield on 0438 885 844
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