If you are looking for an INVESTMENT with approx a 7% NET RETURN and NO hassle, look no further.
This property is one of many that constitute the fantastic serviced apartments at the Convention Centre in Perth. With an unbeatable location, this unit is within a few hundred metres from Elizabeth Quay, Perth CBD, bus stops, and the gorgeous Swan River.
The properties are zoned exclusively for short stays and are managed by international hotel operator, Adina Hotel Group.
As per the updated 15-year Hotel Management Agreement (HMA) that was signed on 28/11/22, Adina will take care of the management and upkeep of the property as well as the division and allocation of funds to owners on an ongoing basis.
This is a RARE opportunity to secure an investment property with a guaranteed base rental income AS WELL AS a percentage of Adina's profits.
These properties perfectly suit investors who are looking for a high yield, cashflow-generating investment that will continue to produce income for the owner for years to come.
Note, this is strictly for investors and does not suit owner occupiers.
Don't miss out contact Alyssa for more information at alyssa@perth.prd.com.au.
Features include: Balcony
Inspections
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Contact Alyssa Bay to learn more about this property, request an inspection or take an online tour.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.