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Mantra on Murray, Apt 4.21, 305 Murray Street Perth, WA 6000

Directions

Mantra on Murray, Apt 4.21, 305 Murray Street,
Perth, WA 6000

Hotel & Leisure

Price information

Sale

$295,000

Detailed listing

Key property information

Land area

Floor area

Parking info

Property extent

Zoning

Municipality

Tenure type

Return

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$20,397
Number of Tenants
1 Tenant
Tenants / Type
Serviced hotel apartment

Private inspections

to arrange a private inspection.

Map of Mantra on Murray, Apt 4.21, 305 Murray Street

Directions
  • Train stations within 5 km of Mantra on Murray, Apt 4.21, 305 Murray Street, Perth, WA 6000Distance
    Perth Station316 m
    Elizabeth Quay Railway Station419 m
    McIver Station880 m
    City West Station1.3 km
    Claisebrook Station1.8 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Mantra on Murray, Apt 4.21, 305 Murray Street, Perth, WA 6000Distance
    Murray St Raine Square Red CAT 2330 m
    Hay St Central Park Red CAT 1260 m
    William St Perth Uground R11/ B14110 m
    William St Stand 2130 m
    Wellington St William St CAT Yellow 24198 m
    POWERED BY HERE ©
POWERED BY HERE ©

Secure Central City property which at $295,000 offers a 6.64% return on the net rent

  • VERY ATTRACTIVE RATE OF RETURN
  • SOUGHT AFTER CENTRAL CITY ADDRESS
  • PERFECT FOR SMSF's AND RETIREES
The Mantra on Murray serviced apartment hotel opened in 2003 and has for the past 18 years, enjoyed being one of Perth's highest occupancy hotels.

Each of its 190 strata titled hotel apartments is individually owned with the rent paid monthly in advance to each owner (and ALWAYS paid on time).

In addition to paying the rent the hotel also pays Council Rates,Water Rates and charges and almost all of the Strata Levies. In short, there is almost nothing more for the property owner to pay.

The original leases were for 5 years 2003 - 2008 and each contained a series of 5 year options, all of which have been exercised by the tenant. The current term commenced in 2018 and expires in August 2023. Before then, there is a CPI rent review in August 2022 (the aggregate of 2 years CPI) with a market value review to follow at the time the option is exercised.

FURTHER INFORMATION CAN BE OBTAINED BY CLICKING ON THE INFORMATION MEMORANDUM TAB WHICH FOLLOWS THE PHOTOS BELOW, OR BY CALLING THE AGENT, BRIAN LETTS

Additional information

Property ID: 503953710Last Updated: 14 Jan 2022

0409 687 4...
realcommercial.com.au logo
Mantra on Murray, Apt 4.21, 305 Murray Street
Perth, WA 6000

Detailed listing

WA Property Connection
7A, Gloriana View
OCEAN REEF, WA 6027
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