407/8 Adelaide Terrace EAST PERTH WA 6004
HIGH $600,000s

DESCRIPTION

- Fantastic rental yield high 6.0%
- Currently tenanted at $865.00 per week
- Dual income on one title
- 163sqm, 2 bedroom, 2 bathroom, 2 kitchen & 2 independent car bays
- Fully furnished and equipped
- Modern facilities with Swan River views
- Live in one, rent out the other, ideal studio apartment base

An impressive one-of-a-kind floorplan, 2 bedroom 2 bathroom, 2 kitchen and rare 2 car bay, twin-key apartment offers a unique style of modern living and is the ideal investment, due to its multiple options and clever layout.

There are essentially two fully furnished and equipped apartments in one here, with the main spacious one-bedroom one-bathroom apartment (circa 70sqm) complemented by a one-bedroom one-bathroom studio with its own kitchenette (circa 25sqm). With 2 independent car bays, there is the option for each residence to have their own parking space.

You are able to rent out the entire apartment as a generous 2x2 residence, live in the main apartment while renting out the studio or rent out both apartments separately across two different tenants - your destiny lies in your own hands. Currently rented to quality long terms tenants at $865.00 per week.

Main Apartment
The open-plan living, dining and kitchen area is spacious in size and has a central ceiling fan, also extending out to a terrific 36 sqm balcony entertaining deck. The lovely views to the river across the treetops only add to the appeal.

The stylish kitchen is graced by sleek stone bench tops, mirrored splashbacks, an integrated range hood, a ceramic/electric cooktop, an under-bench oven and decent storage. A well-appointed fully-tiled ensuite bathroom - with a shower, separate bathtub, toilet, vanity and mirrored storage cabinetry - headlines the master-bedroom suite, along with a fan, separate "his and hers" built-in wardrobes, funky light fittings and ceiling fan.

Second Bedroom/Studio
Full-height windows allow for a pleasant tree-lined river vista from within the second bedroom/studio, complemented by a ceiling fan, timber-look floors, a tiled kitchenette area (with an integrated microwave, a range hood, an induction stove and a stone bench top), a built-in robe and a fully-tiled ensuite/second bathroom with a shower, toilet and vanity.

Resort-style complex facilities to utilise include a residents' TV lounge, a meeting room, a shimmering heated external 25-metre Infinity swimming pool with decking, two Japanese-style alfresco hot tubs, poolside barbeque facilities and a fully-equipped gymnasium for good measure. There is also a concierge located in the building for peace of mind.

Location-wise, you are able to take full advantage of being in the Perth CBD with free public transport being in the Free Transit Zone (FTZ), close to the free CAT bus service and with the lush Ozone Reserve by Lake Vasto just around the corner for all of your recreational needs.

In close proximity to the new Perth Girls' School cultural precinct, the city, the exciting Wellington Square revamp, cafes, restaurants, top schools, boutique and retail shopping, the famous WACA Ground, Gloucester Park, Langley Park along the waterfront, Elizabeth Quay, Optus Stadium (only walking distance away), Crown Towers and everything in between should not be underestimated, either.

A very rare opportunity awaits you - now it's time to grasp it with both hands!

Features Include:
- Twin-key apartment - fully furnished and equipped
- Entry lobby/concierge
- Secure A/V intercom system and building access
- Low-maintenance timber-look flooring
- Ample built-in storage cupboard - plus a European-style laundry - off the entry
- Open-plan living, dining and kitchen area
- 36 sqm Balcony entertaining deck
- Great River views
- Large master suite, with BIR's and a bathtub in the ensuite
- Separate 2nd bedroom/studio with its own kitchenette, BIR's and ensuite
- Stone bench tops
- Ducted air-conditioning
- Down lights and ceiling fans
- Resort-style complex facilities - including a heated pool, two hot tubs, a gym and BBQ area - Two independent tandem car bays
- A lockable storeroom
- The one bedroom is rented at $475.00 per week until 01/03/2024 and the studio at $340.00 per week until 27/11/2023

Points of Interest (all distance approximate):
- Free CAT Transit Zone bus services at your doorstep
- 550m to the Swan River
- 550m to the WACA Ground
- 600m to Langley Park
- 800m to Gloucester Park
- 800m to the new Perth Girls' School Civic Precinct/Cinema
- 400m to Queens Gardens
- 1.1km to Wellington Square
- 1.8km to Optus Stadium
- 2.2km to Elizabeth Quay
- 2.3km to Perth CBD and Perth Bus/Train Stations
- 2.5km to Claisebrook Train Station
- 2.5km to Crown Towers
- Highgate Primary School and Bob Hawke College catchment areas
- Close to both Mercedes College and Trinity College

Rates & Dimensions:
- Total Area 163sqm
- Residence 96sqm
- Balcony 36sqm
- Car Bays 27sqm
- Store 4sqm
- Council Rates $1,886.55 pa
- Water Rates $1,244.95 pa
- StrataAdmin $1,095.60 pq
- Strata Reserve $159.74 pq