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Overview
108 / 305 Murray Street
This exceptional studio apartment located at 108/305 Murray Street, Perth, presents a unique investment opportunity with guaranteed returns from a 10-year fixed lease agreement with Oaks Hotel, Resort and Suites Perth. Situated in the heart of Perth, this property offers immediate income and a hassle-free, lock-and-leave lifestyle ideal for investors seeking steady returns.
Positioned on the first floor of the Pacific International Apartment building, the apartment features a north-facing aspect with views of the city towers. The location is highly desirable, just steps away from Raine Square, home to luxury brands such as Chanel, Tiffany and Co, and Louis Vuitton, as well as high-end international dining options including Furaibo and Fleur. This prime location ensures high occupancy rates and satisfied guests, enhancing the investment's appeal.
The apartment's gross income is approximately $19,109 per annum, inclusive of variable outgoings top-up, providing a reliable revenue stream. The internal living space measures 38 square meters, offering a compact yet functional layout suitable for short-term residential use.
Key features and rates include:
- Council rates: $1,351.50 per annum
- Water rates: $1,599.78 per annum
- Strata fees: $405.87 per quarter (administration) plus $196.11 per quarter (reserve)
- Built in 2003
- Zoning: Short Term Residential
- Located within the City of Perth council area
- Total strata lots in the complex: 252
- Facilities include an on-site restaurant, bar, and 24-hour reception
The property is ideally situated in Perth's vibrant West End, close to numerous amenities and attractions. These include a cafe just 8 meters away, a bus stop (Red Cat) 34 meters away, RAC Arena 700 meters away, Perth Underground train station 100 meters away, Yagan Square 280 meters away, Forrest Chase Shopping Mall 350 meters away, Hay Street Mall 400 meters away, Elizabeth Quay 800 meters away, and North Metropolitan TAFE 850 meters away. This proximity to key locations enhances the property's desirability for short-term tenants and visitors.
Overall, this studio apartment offers a secure investment with a long-term lease, excellent location, and attractive features that cater to the needs of investors seeking a low-maintenance property with guaranteed returns. Buyers are advised to rely on their own measurements when on site, as all distances and measurements provided are approximate.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Perth WA 6000
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 38 m² |
Market Insights for Perth WA 6000
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