The Phone Code for this property is: 37300. Please quote this number when phoning or texting.

Established Fremantle Investment - $530 per Week Return

Positioned at 110/8 Ord Street, Fremantle, this recently renovated one-bedroom apartment presents an attractive opportunity for investors seeking an established, low-maintenance property in one of Perth's most recognisable lifestyle and cultural precincts.

The apartment features 1 bedroom, 1 bathroom and an allocated car bay, with a practical, easy-care layout enhanced by recent renovations that give the property a refreshed and more modern presentation. It is currently returning $530 per week, with the lease in place until 15 June 2027, providing immediate rental income for the incoming owner.
At an asking price of $550,000, the current rent represents a gross rental yield of approximately 5% per annum.
The location is a major advantage. Ord Street offers convenient access to central Fremantle while placing residents close to an impressive range of cultural, recreational and lifestyle attractions.

Nearby amenities include the Fremantle Arts Centre, with exhibitions, live music and community events, as well as the Fremantle Leisure Centre for swimming, fitness and recreation. Fremantle's theatres, galleries, performance spaces and creative venues further contribute to the area's distinctive arts and cultural character.

Some of Fremantle's most iconic destinations are also within easy reach, including Fremantle Prison, Fremantle Markets, the historic West End, Fishing Boat Harbour, Esplanade Park, the Round House and WA Maritime Museum. The surrounding area also offers an extensive selection of cafés, restaurants, bars, specialty shopping, entertainment, beaches and waterfront attractions.

Public transport and major road connections provide convenient access to surrounding suburbs and the wider Perth metropolitan area.

Property & Investment Details
• Recently renovated
• Current rent: $530 per week / approximately $27,560 per annum
• Lease expiry: 15 June 2027
• Council rates: $2,135.17 per annum
• Water service charges: approximately $1,033.50 per annum
• Strata levies: approximately $1,015 per quarter / $4,060 per annum
• Accommodation: studio apartment, 1 bathroom, 1 allocated car bay
• Asking price: $550,000

With recent renovations, established rental income, manageable ownership requirements and access to Fremantle's renowned cultural, recreational, dining and waterfront attractions, 110/8 Ord Street offers a well-rounded investment opportunity in a highly recognisable inner-urban location.
Rental income, rates, levies and other outgoings are based on current information and may be subject to change.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.