INVESTORS ONLY!

UNIT 24 / 875 WELLINGTON STREET, West Perth
$101,500 Sold!
Unit
  • 1 Bedrooms
  • 1 Bathrooms
Zaia Joudo
Zaia Joudo
0403 577 294
Contact Agent

Description

This one is for investors only as it can not be owner-occupied.

This one bedroom 34 square metre unit forms part of the City Stay Apartment Hotel and has been let on a long term basis to the hotel management until June 2015. It is strata titled and the rent is guaranteed returning 6.5% per annum.

Strata fees (currently $572.44 per annum) are paid by the management prior to paying the guaranteed rent and the only costs the owner meets are council and water rates of $1691.45 per annum combined.

The hotel has a good reputation and has been run successfully since 1985. A building depreciation allowance of 2.5% helps make the tax benefits of this unit very attractive.

For a buy and forget investment this unit makes good sense.

Call 08 9202 309 or 0403 577 295 for further information or to arrange your inspection.