606 / 112 Mounts Bay Road
Perth, WA 6000

If you are seeking an investment property that offers immediate returns and is ideally located between Kings Park, the Swan River, and the vibrant Perth city centre, this well-presented short-stay apartment is an excellent choice. Situated within the resort-style Mounts Bay Waters development, it provides convenient access to city shopping, popular attractions, the Swan River, Elizabeth Quay, Kings Park nature walks, and the University of Western Australia Crawley campus.

This city apartment is zoned for 'Short Term Residential (Serviced Apartments)', allowing for short stay investment opportunities. It is currently leased long-term to Nesuto Hotel, ensuring steady income.

The apartment features an open plan kitchen equipped with a dishwasher, a stylish tiled bathroom, a spacious bedroom, reverse cycle air conditioning, and the added benefit of a secure undercover car bay.

The lifestyle in this highly sought-after riverside area is exceptional, with numerous popular restaurants and bars nearby, as well as the lush greenery of Kings Park. Shopping is just a short stroll away. The energetic and vibrant atmosphere of Elizabeth Quay is within walking distance, and the famous Jacobs Ladder is close by, where visitors can enjoy watching races while relaxing at a nearby cafe.

This property offers a comfortable city and resort lifestyle, making it an affordable gateway into one of Perth's finest locations. The apartment has been well maintained by its owners and is ready to provide immediate returns.

Key features include:

• Located on Level 6 with a north-west orientation
• Zoned Residential (Strata)
• Council: City of Perth
• Total of 74 strata lots in the complex
• Large tiled bathroom with bath and shower
• Reverse cycle air-conditioning
• Internal laundry facilities
• Built-in wardrobe in the bedroom
• Currently leased within the Nesuto hotel pool
• Secure complex with remote access and keyless entry front door
• Access to complex pool, gym, and tennis facilities

Approximate sizes and rates:

• Internal area: 45 sqm
• Balcony: 4 sqm
• Car park: 14 sqm
• Total area: 71 sqm
• Council rates: $1,467 per annum
• Water rates: $1,566 per annum
• Strata fees: $1,591 per quarter (Admin) plus $185 per quarter (Reserve)
• Secure lease income of $1,945.19 per month until 29 February 2028

Mounts Bay Road is a prized location in the City of Perth, nestled between the prestigious suburbs of West Perth and the dynamic Perth CBD. The area is well serviced with nearby amenities including:

• Approximately 100 meters to Jacobs Ladder and the nearest cafe
• Approximately 200 meters to the nearest bus stop
• Approximately 500 meters to Swan River cycle ways
• Approximately 800 meters to the doorstep of Kings Park
• Approximately 1.0 kilometer to Elizabeth Quay
• UberEats service available at the address

Disclaimer: The property's current approved use is Short Term Residential (Serviced Apartments). All distances are approximate and sourced from Google Maps. Property sizes are estimated and prospective buyers should verify measurements onsite. Outgoings and rates are estimates and subject to change without notice.

Features

• Air Conditioning
• Balcony
• Swimming Pool - Above Ground
• Gym