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505/201 Hay Street, East Perth, WA 6004-Image

505/201 Hay Street, East Perth, WA 6004

Offers from $370,000

Apartment

Type

Bedrooms

Bathrooms

Last updated on Saturday, August 08, 2026 ( See property details for 505/201 Hay Street, East Perth, WA 6004)

Offers from $370,000

Patrick Wee - Real Estate Agent - Equity Focus

Patrick Wee Principal

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, fully furnished apartment in a premium hotel development, offering a secure long-term investment with resort-style amenities in East Perth.

🏡 Property Highlights

Prime location within walking distance to Swan River foreshore and Perth CBD
Fully furnished, modern apartment with spacious living areas
Leased to reputable Panache Hotel Group with long-term lease until 2029
Estimated gross rent of $32,126 per annum with annual increases
Resort-style amenities including indoor heated pool and fitness facilities
Secure undercroft share car bays for added convenience

✨ Key Features

Built-in Robes
Dishwasher
Open-Plan Living
Balcony
Air Conditioning
Water tank
Security Screens / Gates
Fully fenced
Internal Laundry
Garage / Secure Parking

Suburb and Property Insights of East Perth, WA 6004

East Perth is a vibrant and highly sought-after suburb known for its proximity to the Perth CBD, scenic Swan River foreshore, and excellent amenities. It offers a mix of modern apartments, leisure facilities, and convenient transport links, making it ideal for investors and lifestyle seekers alike. The area boasts a lively entertainment scene, beautiful parks, and easy access to shopping, dining, and cultural attractions.

Frequently Asked Questions

Is this property suitable for residential living or purely an investment?

This property is an investment-only strata unit, not suitable for residential use, and is leased to a hotel group for long-term income.

What are the current lease terms and potential for future rental income?

The unit is leased to Panache Hotel Group until 30 June 2029, with options for extension, and is estimated to generate gross rent of $32,126 per annum in 2026/2027.

What amenities are available within the hotel development?

The development offers an indoor heated pool, fitness equipment, 24-hour reception, dining options, meeting rooms, and other guest services.

Are there any additional costs or fees associated with the property?

Owners are responsible for rates and levies, including council rates ($1,502/year), water rates ($1,167/year), and strata levies ($1,298/quarter).

What is the location's proximity to key Perth attractions?

The property is approximately 1.5km from Perth CBD shopping and train station, 2.5km from Northbridge entertainment precinct, and 10km from Perth Airport.

What to ask about this property to agent?

Are there any upcoming planned developments or zoning changes in the area that could affect the property's value? What are the terms and conditions of the lease agreement with the hotel group, and are there any restrictions on ownership or future sale? Are there any maintenance or service charges not included in the strata levies? Is the property compliant with all building and safety regulations, including fire safety standards? Are there any known issues or defects with the property or building structure? What are the long-term vacancy risks, considering the property is leased to a hotel group? Are there any easements, covenants, or restrictions affecting the property? What are the implications of the property being part of a hotel development on future resale or refinancing? Is there any ongoing or upcoming construction nearby that could impact the property or its amenities? Are there any special conditions or requirements for foreign or non-resident investors?

505/201 Hay Street, East Perth, WA 6004 - More Details

Offers from $370,000

Investment Only- Not suitable for residential use . This ‘set and forget’ hotel hassle free investment, is ideal for long term investors & superfund

Unit 507 is on level 4 (5th storey) with south facing within walking distance to Swan River foreshore and located within Mantra On Hay is a premium hotel development.

The Fully Furnished unit comprises of the following:

- 2 large bedrooms with built-in-robes
- 1 Bathroom with bathtub/shower and toilet
- Modern kitchen with lots of bench/cupboard space, cooktop, oven, dishwasher, fridge/freezer
- Open plan living, dining and kitchen areas
- Utility room with laundry machine and dryer
- Reverse cycle air-condition in living room and 2 bedrooms
- Large 7sqm balcony
- Total strata unit size: 82sqm
- Secure undercroft share car bays.

This freehold strata unit is leased to Panache Hotel Group commencing on 1July 2023 expiring on 30 June 2029 with a further 3 x 3 years option each and could expires on 2038

Year 2026/2027 estimated gross rent of $32,126 per annum. The rent is payable monthly in advance with 3% annual increases on 1st July each year

Year 2025/2026 RATES & LEVY payable by the owner
Council - $1,502 per annum
Water - $1,1671 per annum
Strata - $1,298 per quarter

MANTRA ON HAY
Mantra on Hay is conveniently located on the eastern side of Perth's CBD, perfect for business and leisure travellers alike.

Guest Services:
-24-hour reception
-Complimentary WIFI in the lobby
-Safety deposit boxes
-Tour Desk
-Multilingual staff
-Disabled facilities
-Same day laundry service (Monday to Saturday)
-Wedding facilities
-Housekeeping

Leisure Facilities:
-Indoor heated pool
-Fitness Equipment

Dining and Entertainment:
-Chinese restaurant
-Room service

Business Facilities:
-Meeting rooms
-Conference facilities

LOCATION distances
- Perth CBD shopping 1.5km
- Perth Train Station 1.5km
- Northbridge Entertainment precinct 2.5km
- W.A Cricket Association and oval 750m
- Kings Park 3.5km
- Perth Airport 10km

For more information or a private inspection, please contact Patrick Wee by email: [email protected] or mobile: 0411888179 or clink on the link in the website

Type: Apartment
Bedrooms: 2
Bathrooms: 1
House Size: 82 m²

Map & nearby places — 505/201 Hay Street, East Perth, WA 6004

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