{"Slug":"apartment-505-201-hay-street-east-perth-wa-6004","CanonicalUrl":"https://realsearch.com.au/apartment-505-201-hay-street-east-perth-wa-6004","Address":"505/201 Hay Street, East Perth, WA 6004","Suburb":"East Perth","State":"WA","Postcode":"6004","PropertyType":"Apartment","Status":"For Sale","Headline":null,"Description":"Investment Only- Not suitable for residential use . This ‘set and forget’ hotel hassle free investment, is ideal for long term investors & superfundUnit 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:-\t2 large bedrooms with built-in-robes-\t1 Bathroom with bathtub/shower and toilet-\tModern kitchen with lots of bench/cupboard space, cooktop, oven,   dishwasher, fridge/freezer -\tOpen plan living, dining and kitchen areas-\tUtility room with laundry machine and dryer-\tReverse cycle air-condition in living room and 2 bedrooms-\tLarge 7sqm balcony-\tTotal strata unit size: 82sqm -\tSecure 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 2038Year 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 yearYear 2025/2026 RATES & LEVY payable by the ownerCouncil - $1,502 per annumWater - $1,1671 per annumStrata - $1,298 per quarterMANTRA ON HAYMantra 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-HousekeepingLeisure Facilities:-Indoor heated pool-Fitness EquipmentDining and Entertainment:-Chinese restaurant-Room serviceBusiness Facilities:-Meeting rooms-Conference facilitiesLOCATION distances-\tPerth CBD shopping 1.5km-\tPerth Train Station 1.5km-\tNorthbridge Entertainment precinct 2.5km-\tW.A Cricket Association and oval 750m-\tKings Park 3.5km-\tPerth Airport 10kmFor more information or a private inspection, please contact Patrick Wee by email: patrick@equityfocus.com.au or mobile: 0411888179 or clink on the link in the website","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"Offers from $370,000"},"Bedrooms":"2","Bathrooms":"1","Parking":null,"Features":[{"Name":"Bedrooms","Value":"2"},{"Name":"Bathrooms","Value":"1"},{"Name":"House Size","Value":"82 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-31.95884248,"Longitude":115.87220342,"Agent":{"Name":"Patrick  Wee","CanonicalUrl":"https://realsearch.com.au/patrick-wee-real-estate-agent-from-equity-focus"},"Agency":{"Name":"Equity Focus ","CanonicalUrl":"https://realsearch.com.au/equity-focus"},"CreatedAt":"2026-08-06T11:08:15.7811815","UpdatedAt":"2026-08-08T03:06:09.8095805"}