Perth 2-11/305 Murray Street Mall

Century 21 River Residential is proud to present this amazing studio apartment located in the Mantra on Murray in the heart of Perth - a perfect investment which will just sit there and bring you in money every. single. month.

With a return of over 6.5% on the net rent AFTER expenses, this is a golden opportunity for any investor who wants minimal costs and maximum returns. Tellingly, the seller has owned it for 15 years, earning a passive income off this property and the only reason he is selling is to buy his dream retirement home.

Built in 2003, this 39m2 (approx) studio apartment in the hotel is leased by Mantra on Murray, and one of the largest hotel suite apartments in the building with an above average rent return and minimal owner outgoings. The apartment is on a 5 year lease with options.

Mantra on Murray has been offering travellers and tourists alike, an excellent level of accommodation in an exceptionally well maintained building for nearly 20 years and has one of the highest occupancy rates of any hotel in Perth with a clientele comprising approximately 70% business guests and 30% leisure guests.

Not only that, Mantra has delivered an excellent level of financial return to the many investors who own one of their 190 hotel suites. Many owners purchased their investment property when the hotel opened in August 2003 and continue to earn income from them.

The hotel pays the council rates, water rates and approximately 90% of the strata levies. You don't pay leasing fees while Mantra is the tenant; there is no maintenance and there are no worries about income, with RENT PAID MONTHLY IN ADVANCE. Where else could you find a deal like that!? Why would you NOT buy this!
Mantra is operated by Accor, a leading international hospitality group who lease the apartments under a series of 5 year leases with existing options running to 2033.

In the absolute heart of Perth, the Mantra on Murray is central to shopping malls, restaurants, and cafes. It is one block from the Perth Underground Train Station and has the free CAT bus service outside the front door.

This is your chance to own one of the largest hotel suite apartments in the building with minimum outlay and maximum return - call now to secure one of the best opportunities out there!

Disclaimer: The information in this advertisement has been provided by reliable external sources. We do not accept any responsibility to any person for its accuracy. All interested parties should undertake their own due diligence in order to determine the accuracy of this information.

Property Information

• Floor area approx 39sqm