111/201 Hay Street, East Perth, WA 6004

Cygnet West are pleased to offer this fully furnished one bedroom serviced apartment for sale. The asset is located within Mantra on Hay; a premium development with exclusive onsite facilities, which offers a hassle free investment opportunity.

Securely leased to Panache Hotel Group for 3 years starting 1/7/23. Income from 01/07/2024 is $23,360 per annum ex GST. The rent is payable monthly in advance with 3% increases per annum. There are 2 lease option periods available of three years each.

There is a Furniture, Fittings, and Equipment Reserve levy equivalent to 5% of lease payments for the upkeep of the lessors' furniture and chattels.

Rates
Council - $1,389.20 pa
Water - $1522.71 pa 
Strata - $1458 pq
-$1000 strata fee contribution is paid by the Lessee for the first 3 years of the lease

ABOUT THE HOTEL
Mantra on Hay is conveniently located on the eastern side of Perth's CBD, perfect for business and leisure travellers alike.

Guest Services:
-24-hour reception
-Complimentary WIFI in the lobby
-Safety deposit boxes
-Tour Desk
-Multilingual staff
-Disabled facilities
-Same day laundry service (Monday to Saturday)
-Wedding facilities
-Housekeeping

Leisure Facilities:
-Indoor heated pool
-Fitness Equipment

Dining and Entertainment:
-Cornerstone Bar & Kitchen
-Room service

Business Facilities:
-Meeting rooms
-Conference facilities

For further financial information pack or to submit an offer please call Kaylie Morphew 0434 659 685.