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Overview
414 / 305 Murray Street
This well-presented and low-maintenance studio apartment of 36 square metres is situated in the heart of Perth, offering an excellent opportunity for investors seeking guaranteed returns. The property benefits from a 10-year fixed lease agreement with Oaks Hotel, including options for further renewable terms, ensuring immediate and reliable income.
Due to its size being under 40 square metres, prospective buyers should note that financing through residential loans may not be available, and a cash purchase is recommended.
Located on the fourth floor of the Pacific International Apartment building, this studio provides a hassle-free, lock-and-leave lifestyle. It features a west-facing aspect with views of the city towers, and is conveniently positioned near 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 offers guests a premium experience and contributes to high occupancy rates.
The property generates a gross minimum base income of $21,647 per annum, which includes a variable outgoings top-up of $3,000. Another unit, Unit 719, is also available for sale starting from $259,000.
Key features and rates for Unit 414 include:
- Council rates: $1,335.65 per annum
- Water rates: $1,599.78 per annum
- Strata fees: $466.08 per quarter (Admin) plus $227 per quarter (Reserve)
- Internal area: 36 square metres
- Located on Level 4
- West-facing orientation
- Built in 2003
- Zoning: Short Term Residential
- Council: City of Perth
- Total strata lots in complex: 252
- Facilities include on-site restaurant, bar, and 24-hour reception
The property is situated in the vibrant West End of Perth city, close to numerous amenities and attractions, including:
- 8 metres to the nearest cafe
- 34 metres to the Red Cat bus stop
- 700 metres to RAC Arena
- 100 metres to Perth Underground train station
- 280 metres to Yagan Square
- 350 metres to Forrest Chase Shopping Mall
- 400 metres to Hay Street Mall
- 800 metres to Elizabeth Quay
- 850 metres to North Metropolitan TAFE
Prospective buyers are advised that the photos used in this advertisement are for illustration purposes only and depict another apartment. A physical inspection is strongly recommended to assess the property firsthand.
All distances are approximate and sourced from Google Maps. Property measurements are estimates and buyers should verify measurements on site.
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 | 36 m² |
Market Insights for Perth WA 6000
Other properties in this postcode
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