106/36 Mount Street

West Perth WA 6005

Some properties are simply places to live. This one gives you options a low-maintenance city base that works around your lifestyle, whether that's short-stay income, long-term leasing or your own Perth retreat. Set on the first floor of the popular Mount Way complex, this neatly presented studio is already established as a fully functioning short-stay residence furnished, equipped and ready to step straight into, or to explore for its income potential.The LocationMount Street is one of West Perth's most prestigious addresses, framed by established greenery and quality residential developments. Kings Park and Botanic Garden are a five-minute stroll away, and the pedestrian bridge adjacent to the complex puts you across into the CBD in minutes. Being within the free CAT bus zone makes getting around even easier, while Mount Street Breakfast Bar is right on your doorstep for your morning coffee.You're also close to the Perth Convention and Exhibition Centre, RAC Arena and the wider CBD a location that suits both lifestyle buyers and corporate short-stay guests.Stepping InsideA practical hallway entry separates the living space from the kitchen and bathroom. To the left, a generously sized kitchen offers plenty of preparation space and cabinetry, with large windows drawing in natural light considerably more functional than the typical compact studio kitchen. Opposite, the main bathroom features a full-sized bathtub with integrated shower, mirrored vanity storage and modern fittings.Further in, the main studio opens into a bright, versatile living and sleeping zone. High ceilings and large windows create a real sense of openness, while carpeted flooring, a ceiling fan and reverse-cycle air conditioning keep it comfortable year-round. It's already furnished with a queen bed, timber dining table, study nook and ample storage there's very little left to do. One of the standout features sits just beyond the living space: an enclosed north-east-facing balcony overlooking the Perth city skyline and leafy treetops. It's the kind of spot for a morning coffee or to unwind after a day exploring the city.Digital keyless entry to both the complex and the apartment makes life easy if you're running it as a short-stay property, giving guests, cleaners and contractors simple, self-managed access no need to be on hand for every check-in. The complex also offers communal laundry and BBQ facilities, along with gated communal parking available on a first-come, first-served basis (note: there's no allocated bay).Investment PotentialThere's an established short-stay market within the complex, with comparable apartments achieving nightly rates of roughly $150$250, depending on seasonality and presentation. As a conservative example, $150 per night at 80% occupancy equates to approximately $43,800 in gross annual revenue. These figures are indicative only, not a guarantee of income, and actual returns will depend on management, presentation, pricing strategy and relevant approvals.There's also room to add value a thoughtful refurbishment could lift the apartment's presentation and its ability to compete for stronger rates and occupancy, making this an interesting proposition for a buyer looking to put their own stamp on it rather than simply buying a finished product.The Flexibility Depending on approvals, due diligence and your preferred strategy, the apartment could be: Operated as short-stay accommodation Leased through the on-site management company Managed independently for short or long-term stays Used as your own Perth city base Leased out when you're travelling or not using itProperty Features Fully furnished studio apartment, already operating as an established short-stay residence Enclosed north-east-facing balcony with Perth city skyline and treetop views Generously sized kitchen with ample cabinetry and natural light Full-sized bathtub with integrated shower and mirrored vanity storage Reverse-cycle air conditioning, ceiling fan and carpeted living/sleeping areas Communal laundry, BBQ facilities and gated unallocated communal parking (first-come, first-served) Digital keyless entry to both the complex and the apartment convenient self-check-in access for short-stay guests, cleaners and contractors Comparable short-stay apartments in the complex achieve $150$250/night; at a conservative $150/night, 80% occupancy, that's approx. $43,800 gross annual revenue (indicative only, not guaranteed) Five minutes' walk to Kings Park, minutes to Perth CBD via the Mount Street pedestrian bridgeOutgoings:Strata Rates: $1,212.80 Per QuarterWater Rates: $1,717.20 Per AnnumCouncil Rates: $963.00 Per AnnumUltimately, 106/36 Mount Street comes down to choice a foothold in one of West Perth's most desirable addresses, with more than one way to make it work for you. Contact Yen Wong today to arrange an inspection.Disclaimer:Please note that images are for illustrative purposes only and may not reflect the current furnishings or fixtures included in the property sale.This property description is provided for general information purposes only. While the Blackburne team has taken reasonable care to ensure the accuracy of the information, we make no guarantees or warranties, express or implied, as to its correctness. Prospective buyers are strongly advised to conduct their own independent due diligence and seek professional advice where necessary. The Blackburne team accepts no liability for any errors, omissions, or discrepancies contained herein.