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Overview
302 / 12 Victoria Avenue
Residence 302 at 12 Victoria Avenue offers a secure and low-maintenance investment opportunity located in the heart of Perth's Central Business District. This studio apartment is part of the well-established All Suites serviced apartment portfolio and benefits from a fixed long-term lease to the Panache Hotel Group, generating an approximate gross income of $22,412 per annum. This arrangement provides a structured and reliable income stream, making it an ideal set-and-forget investment for those seeking a hassle-free property in a prime location.
The studio is intelligently designed to maximize space and functionality. It features a modern kitchen equipped with quality appliances, an open-plan living area, and a well-appointed bathroom. Large windows allow for abundant natural light, enhancing the sense of space and comfort within the apartment.
Situated just moments from key landmarks such as St Georges Terrace, Elizabeth Quay, and the Swan River, the property enjoys strong tenant demand due to its prime inner-city location. This makes it a rare opportunity to secure a high-yield investment in a premium CBD setting.
Key features and estimated rates include:
- Internal and total floor area of 29 square metres
- Strata fees approximately $976.50 per quarter (administration) plus $161.15 per quarter (reserve)
- Council rates approximately $1,376.85 per annum
- Water rates approximately $1,599.78 per annum
- Located on Level 3 with north and west orientation
- Constructed in 1900
- Zoned for short stay (strata)
- Managed by the City of Perth council
- Complex comprises a total of 79 strata lots
- Fixed long-term lease providing consistent income
The location offers convenient walking access to a variety of amenities and attractions, including the West Australian Symphony Orchestra (89m), nearby cafes (150m), free CAT bus stops (190m), Royal Perth Hospital (290m), The Perth Mint (400m), Carlton Centre (650m), Rise Supermarket and Hay Street Mall (750m each), London Court (800m), Plaza Arcade and Langley Park (850m each), Wellington Square (950m), Elizabeth Quay (1.1km), and Queens Gardens (1.2km).
This property is an excellent choice for investors seeking a reliable income in a sought-after CBD location with professional management and minimal upkeep.
Disclaimer: Prospective buyers should conduct their own research and due diligence prior to purchase. All rates, sizes, and distances are approximate and subject to change without notice.
Additional Features
- Air Conditioning
- Floorboards
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 | 29 m² |
Market Insights for Perth WA 6000
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