1 BEDROOM APARTMENT 1 BATHROOM | 51m² INTERNAL
INVESTORS! Secure this fully refurbished one-bedroom investment apartment at Quest West End, ideally positioned in the heart of Perth's vibrant CBD, surrounded by shopping, dining, entertainment and major business precincts.
Located on Level 4, this spacious 51m² apartment features open-plan living and dining, a generous bedroom, separate bathroom and a fully refurbished kitchen and bathroom completed in 2022.
FULLY REFURBISHED KITCHEN AND BATHROOM IN 2022.
LONG-TERM LEASE TO QUEST APARTMENT HOTELS SECURE ANNUAL RENT INCREASES TO 2031.
LEASE DETAILS
Price: $279,950
Current Rent: $23,300 p.a. / $448 p.w.
Gross Return: 8.32%
Net Return: 6.87%
INCREASES AS FOLLOWS:
July 2027: +4% = $24,232 p.a. 8.66% Gross
July 2028: +4% = $25,201 p.a. 9.00% Gross
July 2029: +4% = $26,209 p.a. 9.36% Gross
July 2030: +4% = $27,258 p.a. 9.74% Gross
Lease: To July 2031 with 5 further 5-year options
Rent Increases: 4% per annum - market review each 5th year, next due 2031.
OWNER OUTGOINGS
Council Rates: $1,436 p.a.
Water Rates: $1,690 p.a.
Owners Corporation Sinking Fund: $935 p.a.
Total Approximate Outgoings: $4,061 p.a.
PROPERTY FEATURES
Spacious one-bedroom apartment with separate bathroom
Level 4 position with 51m² internal living area
Fully refurbished kitchen and bathroom in 2022
Open-plan living and dining area
Located within the established Quest West End complex
Central Perth CBD location, close to shopping, dining and entertainment
PERTH CBD LOCATION
Quest West End is ideally positioned along Murray Street in the heart of Perth's CBD, surrounded by shopping, dining, entertainment and commercial precincts. Popular attractions including RAC Arena, His Majesty's Theatre, Kings Park, Elizabeth Quay and Royal Perth Hospital are all within easy reach. Located approximately 13 kilometres from Perth Airport, the property provides convenient accommodation for corporate and leisure travellers seeking access to Perth's major business and entertainment destinations.
Please note some images may be generic and not of exact lot
For more information, please contact:
Mandy Fountain
Director & Licensed Real Estate Agent
Ph: 0408 103 010
Mandy Fountain specialises in Serviced Apartment Sales across Australia, with a sound understanding of lease structures and tenant and owner obligations.
DISCLAIMER
The information provided herein, and any further information supplied, is for general information purposes only and is not to be construed as investment, legal or taxation advice. Potential purchasers are encouraged to seek independent professional advice to determine whether this type of investment is suitable for their needs. The information has been provided by the vendor or third parties and has not necessarily been independently verified. Prospective purchasers should conduct their own due diligence, including reviewing the contract of sale, lease, rental arrangements and outgoings. No representation or warranty is made as to the accuracy or completeness of the information, and all interested parties should rely on their own enquiries and assessment.
