20/55 Riversdale Road

Rivervale WA 6103

VACANT and READY TO OCCUPYJust 100 metres from the magnificent Swan River and only 5 km from the Perth CBD. This architecturally designed TOP FLOOR apartment is an absolute must see at Regatta, a boutique development of only 22 apartments.Apartment 20 is a two bedroom, two bathroom elegant residence that leaves nothing to be desired. The Architect has designed a stylish building with a striking exterior and very high-quality fit-out. All this is just a short stroll across the road through Cracknell Park to the Swan River. If you are looking for your new home and are tired of looking at apartment stock 'Under Construction' or 'Coming Soon', this could be the perfect apartment to procure.Here are just a few of the many apartment highlights:- Over 3 metre high ceiling to living- Spacious internal living area of 83m2- Generous river facing/North facing balcony of 20m2- Large Kitchen/Living space which flows directly onto the generous entertainment balcony- Large Chef's Kitchen fitted with high-end MIELE appliances, under-mount sink, high gloss vinyl cabinetry and stone benchtops- High quality engineered timber laminate flooring and stone tiles throughout- Fully pre-wired data cabling and NBN ready- Secure basement parking with lock up store room- Ducted reverse cycle air conditioning throughout- Floor to ceiling tiling in bathrooms- TV and Foxtel in master bedrooms- ElevatorSo Close to:- Casino- Optus Stadium- Vic Park lifestyle strip- Public transport including railNOTE TO INVESTORS:If you are looking to buy as an investor, this property is could be leased for between $510 and $530 per week.Between January 2021 and August 2022 the Perth rental market shrunk by approximately 17,000 properties. This is due to people moving back to Perth and moving back into their own properties or investment properties being sold to owner occupiers leaving less properties for people to rent.This is equivalent to every single property in the Town of Victoria Park (Victoria Park, East Victoria Park, Lathlain, Carlisle and Burswood, as well as sections of suburbs from surrounding localities including Welshpool, Bentley and St. James) being removed from the rental pool, causing a huge stress to the current rental vacancy rate of less than 0.8%. That's an entire council suburbs worth of rental properties disappearing in 18 months.So, this means now is the time to buy an investment property.Vacancy rates are extremely low. Interest rates, although rising, are still so low compared to 10 years ago.Want to know more or want to arrange your own private inspection? Contact Steve Smith - 0419 903648 or Matthew Smith - 0417 916159 to arrange your appointment to view