Property Details: • Type: Apartment / Unit / Flat

• Bedrooms: 1 • Bathrooms: 1

Description: Not for Residential Use - Investment Only - The strata freehold unit is currently lease to Oaks Perth Hotel, part of an Australian wide Oaks Hotels & Resort Limited. The current 10 year lease commenced on 18 August 2023 and expires on 17 August 2033 plus a further 3 x 10 years options. The current Annual Net base rental is $14,180 pa including outgoings contribution by Oaks Perth Hotel and after payments of Council rates, Water rates and Strata Levy Oaks Perth operates a 24 hour reception, plus a lobby, onsite restaurant, bar and boutique shops on the ground floor. It also has an onsite laundry for the hotel guests plus conference rooms and meeting facilities for hire. Situated on the level 2, this north facing unit looks down and over Murray Street and Raine Square with plenty of natural lighting all year round. Located near the heart of Murray Street Mall, only short walk to underground Perth Central Train Station, Hay Street Mall, luxury shopping in Kings Street, walk to Elizabeth Quay, Raine Square just across the road. Café, restaurants, cinemas, retails shops, plus other amenities nearby. For more information and a private inspection, please contact the Exclusive Selling Agent Patrick Wee on 0411888179, text, email or clink on to this website enquiry section.