33 / 124 Terrace Road
Perth, WA 6000

This 1-bedroom studio apartment is located at the prestigious Terrace Road address, offering a prime investment opportunity in Perth. The property is currently tenanted at $450 per week until 25 July 2027, providing immediate rental income for the new owner. There is flexibility to extend the current tenancy, renovate and re-advertise, or move in once the tenants vacate.

The apartment features a compact internal living area of 33 square meters and is positioned on the second level of the Princes of Perth Apartments, a secure and gated complex built in 1960. The building comprises 36 lots spread across three floors.

Key property highlights include gas kitchen appliances, onsite shared laundry facilities, and a parking arrangement that operates on a first-come, first-served basis, with additional street parking permits available.

Location benefits are significant, with the property situated just 300 meters from public transport within the Free CBD Transit Zone. It is also conveniently close to cultural and recreational amenities such as the Perth Concert Hall (500 meters), Foodies Market IGA Langley Park East Perth (1 km), and Elizabeth Quay waterfront (1.1 km), which offers pop-up bars, events, ferry services, restaurants, and river access for boating.

The central business district (CBD), Hay Street Mall shopping precinct, Lake Vasto, Point Fraser with cafes and restaurants, and the Perth Convention and Exhibition Centre are all within approximately 1.3 to 1.6 kilometers. Kings Park, a major urban park, is located about 3.5 kilometers away.

Annual council rates are approximately $1,350.75, water rates around $933.93 per annum, and quarterly strata levies are approximately $680.64, inclusive of administration and reserve funds.

This well-positioned second-floor unit represents an excellent addition to an investment portfolio, especially in the current high-demand rental market. It offers a secure, manageable, and income-producing asset in a sought-after location.

Note that the images provided are for marketing purposes and show staged furniture; they do not reflect the current furniture, condition, or presentation of the property.

Prospective buyers are encouraged to conduct their own due diligence to verify the information and ensure it meets their expectations before making an offer.