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Back 108/201 Hay Street
Off Market

108/201 Hay Street

East Perth WA 6004

2
2
85 m²
Apartment
Last sold for $327,500
Brent MorfesseBrent Morfesse, last sold this property on 29 February 2024 after 199 days on market.

Overview

PRICE ADJUSTED

THIS PROPERTY IS FOR INVESTORS ONLY INSPECTION BY APPOINTMENT This is a fabulous investment only opportunity ideal for a Personal Super Fund or CASH buyer, you can simply set and forget it. Securely leased to Panache Hotel Group for 3 years starting 1/7/23 for $28,560.00 per annum. The rent is payable monthly in advance and a 3% increase applied each year. There are four lease option periods of three years each. Located within Mantra on Hay a premium short stay apartment development with exclusive onsite facilities. There is a Furniture, Fittings, and Equipment Reserve levy equivalent to 5% of lease payments for the upkeep of the lessors' furniture and chattels that is deducted from the monthly rent income to maintain the interior of the premises. Mantra on Hay is conveniently located in Hay St, East Perth close to Perth CBD, it's a perfect location and close to an easy walk to Langley Park and the Swan River with the lovely Queens Gardens a short 300 metres stroll away. A free CAT bus service stops nearby for easy access into the Perth CBD shopping precinct. The Hotel is a perfect residence for a short stay for holiday makers, travellers and business people. Well located in a key destination of East Perth with such easy access to the CBD this 2 bedroom 2 bathroom apartment in The Mantra Hotel in East Perth. You have nothing to do but simply collect the rent every month. The Panache Hotel Group does every thing here to look after your investment. • A beautifully fully furnished modern apartment • Split system air conditioning • 2 Bedrooms 2 Bathrooms • Great living space for guests to enjoy • Internal living area 78sqm + balcony 7sqm • Heated Pool & Gym for guests use • Lease Term 3 years + 4 X 3 year options with Annual Rent Reviews • High Occupancy level • Well maintained property . Net Rent $21,390 PA Guest Services Include • Complimentary WIFI in the lobby • Safety deposit boxes • Multilingual staff • Disabled facilities • Same day laundry service (Monday to Saturday) • Wedding facilities • Housekeeping • Indoor under cover heated pool • A range of Fitness Equipment • Undercover car parking availability – fee payable • Business facilities • Conference Room & facilities Rates / charges Council - $1364 pa Water - $1584 pa Strata - $4374 pa • $1000 strata fee contribution is paid by the Lessee in the first year of the lease Inspections are by Appointment Call the Hotel Apartment Specialist Brent Morfesse 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.

Features

2 bedrooms
2 bathrooms
85 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in East Perth over the last 12 months, the estimated median property value of 108/201 Hay Street is $638k.

Median value
$638k
Estimated value range
$360k - $1.23m
Median days on market
29
Estimated value trend
16%
increase over the last 12 months
Average days on market is based on recent, comparable sales in East Perth. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 108/201 Hay Street

2024
Sold
$327,500
29 Feb 2024 by Brent Morfesse, of The Agency Perth

Happy sellers in East Perth

94%
94% of sellers in East Perth reported that their sale price either exceeded or met their price expectations.

East Perth stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 79 reviews in East Perth over the last 12 months.

Local market activity for 2 bedroom apartments in East Perth

In the last 12 months, 241 two-bedroom apartments similar to 108/201 Hay Street, have been sold.

This represents a 31% increase in two-bedroom apartments sales when compared to the previous 12 months.

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