Apartment 128 is a 2 bedroom apartment within the Medina Grand hotel complex, which is positioned next to the convention centre between the Swan River and the western end of St. Georges Tce, Perth. This apartment is one of the two apartments in the final release from Multiplex. The fully furnished apartment located on the top floor of the complex will be refurbished every 7 years, at no cost to the owner. The apartment boasts an annual lease payment of $32,435.00 (7.22% NET) p.a and with the CPI increase due in July 2008 this figure will be revised to approximately $33,405.60 (7.44% NET) p.a. All fees and levies are paid by multiplex, leaving owners with a hassle free investment property that generates a healthy income stream.

Property in this area has remained very scarce, and resultantly has strong capital gains potential. The hotel complex 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 for six years to Multiplex plus two 5 year options to the operator, Medina Apartment Hotels. Having a guaranteed income set at an extremely attractive level means you are insulated from increasing interest rates. Further to the guaranteed income Multiplex pays all costs associated with owning the investment property; including strata levies, management costs, maintenance, rates and taxes.

Medina Grand is operating at above 95% occupancy. These super-figures are due to the shortage in serviced apartment accommodation in Perth, which has assisted in ramping up rack-rates and 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 will not last long! To secure your apartment today call Shaun De Souza on 0431 317 434 or Jordan Murray on 0422 661 544