103/33 Mounts Bay Road

Perth WA 6000

Free from the typical fees such as the ones below -Body corporate fees NilCouncil Rates and Taxes PaidLand Taxes PaidManagement Fees PaidInsurance PaidElectricity, Gas and Water PaidAdvertising & Marketing PaidThis apartment yeilds a massive $19,481 per annum.The apartment is on the fourth level at the Medina Grand apartment complex which is positioned approx 20 metres from the Perth Convention Centre, between the Swan River and the Western end of St. Georges Tce, Perth.These apartments are best suited to individuals with established property portfolios and would suit a self managed *Superfund well (*please discuss with your accountant).As indicated above all fees and levies are paid in full by Multiplex, leaving owners with a hassle free investment property that generates a healthy income stream. The hotel is also at the heart of the State Government's Perth Waterfront development.The real value and security of this investment apartment is the secure lease to year 2014 with The Medina Group, they also have a further two five year options.The Medina Grand is operating at above 85% occupancy. These super-figures are due to the shortage in serviced apartment accommodation in Perth, which has assisted with the high occupancy levels.Ideally located serviced apartments such as those in the Medina Grand are out-performing all other investment property categories, and simultaneously make the most secure investments in the market.With the excellent tax and depreciation benefits this apartment is well worth discussing.