NEW LOW PRICE - 6%+ NET RETURN ON HOTEL APARTMENT

Description

If you are in the market for a 'hands free'' investment then take a look at this two bedroom two bathroom apartment in the Mantra on Hay Hotel in the city.
This is a hotel apartment only and can only be used by the hotel and the owner cannot live in it. The hotel does all the management and all the bill paying. Perfect for the busy professional, the fly in fly out worker or for off shore investors. Owners can get a discounted rate for short stay accommodation but conditions apply. The apartment has just been totally refurbished and this refurbishment has been paid for in full by the outgoing owner and so new owner will reap the benefit of the outgoing owner's payments of just under $20000 to refurbish the unit.

When all costs are taken into account the net return on investment is 6% +

The features of this apartment include:-
- Large open plan living area with sitting area, dining table and a good sized kitchen
- Two very spacious bedrooms
- Two lovely modern bathrooms
- Has its own laundry
- Large balcony
- The hotel amenities include indoor heated pool, gym, restaurant, bar and a 24 hour reception

The Mantra is conveniently located 1.5 kilometres from the Perth CBD and the train station. The domestic airport is just 10 kilometre away and the international airport is 17 kilometres.

Get a feel for the Mantra on Hay hotel by visiting their website www.mantra.com.au

Rates
Shire $1380.00 per annum
Water: $1100.00 per annum