SCARBOROUGH DUAL-KEY BEACHSIDE INVESTMENT $35,028 PA RENT + 4% ANNUAL INCREASES
Be quick to secure this outstanding dual-key investment apartment in the highly sought-after beach side Scarborough location. The complex also offers an inground swimming pool.
UNDER LONG TERM LEASE: THE HOTEL PAY COUNCIL RATES, WATER RATES OWNERS CORPORATION ADMIN LEVIES. THERE ARE NO MANAGMENT OR LETTING FEES, AND RENTS ARE FIXED NO BASED ON OCCUPANCY.
Featuring a desirable twin-key configuration with 2 bedrooms, 2 bathrooms, balcony and car park, providing investors with established rental income backed by a long-term commercial lease until 2030 with options to extend.
PROPERTY DETAILS
Property: Lot 92 / 4 Brighton Road, Scarborough WA 6019
Configuration: 2 Bedroom Twin-Key
Bathrooms: 2
Balcony: 2
Car Park: Yes
INVESTMENT DETAILS
Price: $545,000
Current Rent: $35,028 per annum / $673 per week
Current Gross Return: 6.42%
Current Net Return: 5.93%
RENTAL INCREASES
2027: +4% = $36,429 p.a. 6.68% Gross Return
2028: +4% = $37,886 p.a. 6.95% Gross Return
2029: +4% = $39,401 p.a. 7.22% Gross Return
LEASE to May 2030 with 5 x 5 year options remaining to the hotel to continue.
OWNER OUTGOINGS- HOTEL PAY COUNCIL RATES, WATER RATES AND OC ADMIN LEVIES.
Council Rates: Paid by tenant
Water Rates: Paid by tenant
OC Admin Fund Levies: Paid by tenant
OC Sinking Fund Levies: $2,700 p.a. paid by owner
With a dual key configuration the apartment can be occupied as a one bed + studio, each with bathroom and balcony- or opened to the full 2 bed, 2 bathroom layout- offering versatility for hotel bookings.
Positioned in the highly sought-after Scarborough area, this investment provides convenient access to one of Perth's most popular coastal lifestyle destinations, with Scarborough Beach, cafés, restaurants, shopping and entertainment all close by.
Secure rent, low outgoings and scheduled 4% annual increases makes this N attractive opportunity for investors seeking predictable income in a WA hotspot.
Please note: Some images may be generic to the building.
For more information, please contact the following:
Mandy Fountain 0408 10 30 10
Director and Licensed Real Estate Agent
Mandy Fountain specialises in Serviced Apartment Sales across Australia, with a sound understanding of commercial hotel lease structures and tenant and owner obligations.
DISCLAIMER
This information is provided for general purposes only and does not constitute legal, financial or investment advice. Prospective purchasers should seek independent professional advice to determine suitability.
All information has been supplied by vendors or third parties. Outgoings are provided as at the date of sale but may change without notice or the agent's knowledge. No warranty is given as to the accuracy or completeness of the information, and no liability is accepted.
Interested parties must conduct their own due diligence and rely on their own enquiries.
