44/863-867 Wellington Street, West Perth, WA 6005

Private Penthouse Living with Four Car Bays and Outstanding Investment Potential

Positioned on the penthouse level of a secure and well-maintained complex which was constructed in 2010 and occupy a total land area of 1241sqm, this spacious two-bedroom, two-bathroom residence presents a rare opportunity in the heart of West Perth.

Offering private lift access, generous internal living space and an exceptional allocation of four secure car bays, this property is ideally suited to an owner-occupier seeking immediate possession or an investor looking for multiple income streams.

The apartment is currently vacant after the previous tenant moved out to allow the property to be offered for sale. This means the successful purchaser can move in immediately, furnish it to their own taste or place it back onto the rental market without waiting for an existing lease to expire.

Property highlights
• Penthouse-level position
• Two spacious bedrooms
• Two bathrooms
• Approximately 162 sqm of building area
• High Ceiling
• Corner massive balcony with City views
• Secure lift access
• Private and peaceful position
• Four secure car spaces
• Generous open-plan living and dining areas
• Well-appointed kitchen
• Secure complex with controlled access
• Suitable for immediate owner occupation
• Strong fully furnished rental potential
• Furniture, appliances and whitegoods may be included in the sale by negotiation

Rare four-car-bay advantage
Four secure car spaces are extremely difficult to find in an inner-city apartment. (Two side by side and two stacker)

An owner-occupier could retain two bays for personal use while separately renting the remaining two car spaces. Based on an estimated rental of approximately $100 per bay per week, the two surplus car bays could potentially generate an additional:
Est $200 per week
Approximately $10,400 per year
This additional income could help offset strata levies, council rates or mortgage repayments, subject to strata by-laws and demand.
Alternatively, all four bays may be retained for a household with multiple vehicles, visiting family members, business vehicles or valuable car storage.
Attractive rental potential
The current market rental appraisal is approximately:
$800-$860 per week fully furnished
When combined with the potential income from renting two surplus car bays, the total potential gross income could be approximately:
$1,000 per week
Approximately $52,000 -$55,000per year
This makes the property an appealing option for investors seeking a well-located furnished rental with supplementary parking income.
All rental figures are estimates only and remain subject to market conditions, property presentation, furniture quality, strata approval and the terms of any future tenancy.
Walk to the city, shopping and transport
The apartment enjoys an exceptionally convenient position on Wellington Street, placing shopping, entertainment, public transport and the Perth CBD within easy reach.
Approximate nearby amenities include:
• City West Train Station – approximately 400 metres
• Watertown Brand Outlet Centre – approximately 500 metres
• Harold Boas Gardens – approximately 600 metres
• RAC Arena – approximately 800 metres
• Murray Street Mall and the Perth CBD – approximately 1.2 kilometres
• Perth Underground Station – approximately 1.3 kilometres
• Northbridge dining and entertainment precinct – approximately 1.5 kilometres
• Elizabeth Quay – approximately 1.8 kilometres
• Kings Park and Botanic Garden – approximately 2 kilometres

Bus services operate along Wellington Street, while the nearby free CAT bus network provides convenient access throughout the CBD and surrounding inner-city precincts.
The property is also positioned within easy reach of cafés, restaurants, offices, medical services, freeway access and some of Perth’s leading schools.

Outgoings
• Strata management: Logiudice Property Group — LPG
• Strata levy: approximately $2,039 per quarter
• Council rates: approximately $2,436 per annum
• Water rates: approximately $1,624 per annum
These figures are provided as a guide and should be verified against the latest notices before settlement.
Ideal for
• Owner-occupiers seeking immediate possession
• Buyers requiring multiple secure car spaces
• City professionals and business owners
• Downsizers seeking privacy and lift access
• Fully furnished rental investors
• Corporate accommodation investors
• Buyers seeking a lock-and-leave Perth base
• Families with multiple vehicles

A Rare Inner-City Opportunity
Penthouse apartments offering four secure car bays are rarely available in West Perth.
With immediate vacant possession, excellent privacy, secure lift access, optional furniture and whitegoods, strong furnished rental potential and the opportunity to generate additional income from surplus parking, this residence offers flexibility that most inner-city apartments simply cannot match.
Contact the selling agent to arrange your private inspection and discuss the opportunity to purchase the property fully furnished.

Type

Apartment

Bedrooms

2

Bathrooms

2

Parkings

4

Area

162 m²

House Size

162 m²