102/451 Murray Street, Perth, WA 6000

Bedrooms
1
Bathrooms
1
Area
50m2
Type
Serviced Apartment

Published on Thursday, August 17, 2023

$135,000

102/451 Murray Street, Perth, WA 6000 - More Details

$135,000

***** INVESTORS ONLY*** UNDER LONG TERM LEASE WITH QUEST APARTMENT/ HOTEL

Quest West End is located in the heart of Perth's CBD, just a short walk to RAC Arena, Perth Convention and Exhibition Centre, His Majesty's Theatre, and Kings Square Precinct.
Just beyond, you will find the exciting entertainment precinct of Northbridge and the wonder of Kings Park and Botanic Gardens

This one bedroom apartment, located on level 1, has an internal floor area of 50m2 and features fully equipped kitchen and main bathroom.

Refurbishment includes:-
• New carpet and paint throughout
• Full bathroom refurbishment including tiling, vanity, tapware, shower screen and mirror
• Full kitchen replacement including cabinetry, benchtops, tiling
• State of the art Fisher & Paykel appliances, including dishwasher, oven, cook top, rangehood
• RENTS WILL BE PAID IN FULL WHILE REFURBISHMENT WORKS ARE CARRIED OUT.
4% RENTAL INCREASES TO 2026.

Current Rent: $230 pw - $11,964 pa.
Rent Return: 8.86% Gross / 6.56% Net
Increases as follows:
July 2024 + 4% $12,442= 9.21% gross
July 2025 + 4% $12,940= 9.58% gross
July 2026 Market Review.

Lease to: July 2026 - with 6 x 5 yr options.

** PLEASE NOTE:
Refurbishment is due, the cost will be $34,842 and includes:
• New carpet and paint throughout
• Full bathroom refurbishment including tiling, vanity, tapware, shower screen and mirror
• Full kitchen replacement including cabinetry, bench tops, tiling
• State of the art Fisher & Paykel appliances, including dishwasher, oven, cook top, rangehood.

$ 135,008 APARTMENT PURCHASE PRICE (Stamp Duty Payable)
+ $ 34,842 REFURBISHMENT COST DUE AT SETTLEMENT
= $ 169,850 TOTAL PURCHASE COST

REFURBISHMENT WILL COMMENCE AT SETTLEMENT.
IMAGES BELOW ARE OF A NON-REFURBISHED LOT.
PLEASE SEE PHOTO GALLERY LINK FOR A RECENTLY COMPLETED & REFURBISHED APARTMENT.

On settlement this apartment will undergo a major refurbishment and once completed will provide investors a modern, chic, apartment in the heart of Perth CBD.

**Net returns do not include government taxes refurbishment costs**


Approximate Owner Outgoings:

Council Rates: $1,268.00
Water Rates: $1450.00
Body Corporate Admin Fee: PAID BY QUEST TENANT
Body Corporate Sinking Fund: $380.00 per annum

PLEASE NOTE: IMAGES ARE OF MIRROR IMAGE APARTMENT

Type
Serviced Apartment
Bedrooms
1
Bathrooms
1
Area
50m2

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102/451 Murray Street Perth WA 6000

Property FAQs

How many bedrooms does the property listed 102/451 Murray Street, Perth, WA 6000 feature?

102/451 Murray Street, Perth, WA 6000 is a 1 bedroom Serviced Apartment.

What are the standout features of the 102/451 Murray Street, Perth, WA 6000?

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What is the total land area and built-up area of the 102/451 Murray Street, Perth, WA 6000?

The total land area and built-up area of the 102/451 Murray Street, Perth, WA 6000 have not been disclosed. To find detailed information on the total land area and built-up area, contact the agent.

How many vehicles can be accommodated in the parking area of the 102/451 Murray Street, Perth, WA 6000?

There were no car spaces found on the listing for 102/451 Murray Street, Perth, WA 6000.

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