An exceptional investment opportunity within The Oaks Perth Hotel, this well presented one bedroom apartment offers a secure, fully managed income stream in a prime city location.
Positioned within the hotel complex, the apartment forms part of a long term lease arrangement and must be leased exclusively through The Oaks Hotels management, providing investors with a hands off investment while benefiting from Perth's strong tourism and corporate accommodation market.
Inside, the apartment features a light filled open plan living and dining area complemented by a compact and functional kitchenette. The bedroom includes built in storage and air conditioning for year round comfort, while the well appointed bathroom is finished in a clean contemporary style.
Investment Highlights:
• Long lease investment within The Oaks Perth Hotel
• Must be leased exclusively through The Oaks Hotels management
• Base rent currently $1,349.44 per month (adjusted quarterly)
• Annual fixed rent increase of 2.5%
• $3,000 per annum contribution from The Oaks Hotel towards outgoings
Current Returns:
Gross income: $16,072.31 per annum
Less expenses: $1,605.58
Net income to owner: $14,466.73 per annum
Key Features:
• Fully self contained apartment with functional kitchenette
• Air conditioning to bedroom
• Internal laundry and linen storage
• Secure building in a sought after Perth CBD location
• Low maintenance, hands off investment opportunity
Located just moments from Elizabeth Quay, the Swan River, Perth CBD offices, shopping, restaurants and public transport, the property is ideally positioned to benefit from ongoing demand generated by corporate travellers, tourists and FIFO accommodation requirements.
Investor Focused:
This property is strictly for investment purposes and forms part of the hotel's managed leasing structure through The Oaks Hotels, offering a straightforward, low involvement investment in the heart of Perth.
Water Rates: $1,599.78pa
Council Rates: $1,335.65pa
Strata Fees: $577.81pq
DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, believed to be correct, neither the Agent nor the client nor servants of both, guarantee their accuracy. Interested persons are advised to make their own enquiries and satisfy themselves in all respects. The particulars contained are not intended to form part of any contract.
