{"Slug":"apartment-502-201-hay-street-perth-wa-6000","CanonicalUrl":"https://realsearch.com.au/apartment-502-201-hay-street-perth-wa-6000","Address":"502/201 Hay Street, Perth, WA 6000","Suburb":"Perth","State":"WA","Postcode":"6000","PropertyType":"Apartment","Status":"For Sale","Headline":null,"Description":"INVESTORS ONLY | CONTACT AGENT FOR INSPECTIONPositioned within the well known Mantra on Hay hotel complex, this fully furnished apartment presents an excellent opportunity for investors seeking a low maintenance property with an established rental income.Securely leased to Panache Hotel Group (PHG), the apartment offers a convenient, hands off investment arrangement, with the hotel operator managing the day to day accommodation operations.Ideally suited to cash purchasers and potentially self-managed superannuation fund (SMSF) investors, this is an investment only opportunity and is not available for owner occupation under the existing lease arrangements.With the hotel operator responsible for managing accommodation operations, owners can enjoy the convenience of an established investment without the responsibilities typically associated with managing a residential tenancy.Apartment & Hotel FeaturesLocated within Mantra on Hay, the apartment forms part of an established short stay accommodation complex catering to corporate travellers, holidaymakers and visitors to Perth.The hotel offers a range of onsite facilities, providing convenience and comfort for guests throughout their stay.Perfectly positioned along Hay Street, the property enjoys exceptional proximity to Perth's CBD and some of East Perth's most popular lifestyle attractions.Within easy reach are the Swan River foreshore, Langley Park and the picturesque Queens Gardens, located approximately 300 metres away.The nearby free CAT bus service provides convenient transport throughout the CBD, while surrounding cafes, restaurants, shopping and entertainment options further enhance the appeal of this central location.With its established hotel operation, convenient location and structured lease arrangements, this property represents an attractive opportunity for investors looking to secure a managed asset in one of Perth's most accessible inner city locations.Please Note: This property is offered strictly as an investment and is not suitable for buyers seeking a residence to occupy. Rental Income & Investment Breakdown based on the Annual Owner Statement for the financial year ending 30 June 2026.Gross Rental Income:Weekly: $599.82Monthly: $2,599.21Annually: $31,190.52Annual Expenses:Furniture, Fixtures & Equipment Reserve (5%): $1,559.52Strata Fees: $6,032.76Strata Contribution Credit: $1,000.00Other Payments on Behalf of Owner: $319.00Total Net Expenses: $6,911.28Net Rental Income (Paid to Owner):Weekly: $466.91Monthly: $2,023.27Annually: $24,279.24Separate outgoing expenses:Council Rates $1524.45Water Rates: $1639.85For more information contact Navid Heshmati on 0452 520 840 today. Disclaimer:All information provided has been obtained from sources believed to be reliable. Whilst every effort has been made to ensure accuracy, neither the seller nor the selling agent guarantees the accuracy or completeness of the information.Rental income, expenses and investment yields are indicative only, based on available financial information, and are not guaranteed. The property is subject to an existing commercial lease and is offered strictly as an investment, with owner occupation restricted under the current lease terms.Prospective purchasers are encouraged to conduct their own due diligence regarding the property, lease arrangements, financial returns, strata obligations and associated costs, and seek independent professional advice prior to purchasing.","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"From $375,000"},"Bedrooms":"2","Bathrooms":"1","Parking":null,"Features":[{"Name":"Bedrooms","Value":"2"},{"Name":"Bathrooms","Value":"1"},{"Name":"Area","Value":"70 m²"},{"Name":"House Size","Value":"70 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-31.95884248,"Longitude":115.87220342,"Agent":null,"Agency":{"Name":"Blackburne   - Subiaco","CanonicalUrl":"https://realsearch.com.au/agency/blackburne-subiaco"},"CreatedAt":"2026-10-12T08:12:15.7697097","UpdatedAt":"2026-10-12T08:12:15.8054796"}