SOLDThis securely leased studio apartment in the Mantra on Murray Hotel is a great investment for your portfolio. Consistent returns and minimal outgoings with NO council or water rates payable and only $22.81 per calendar month towards strata common areas.- Council & Water Rates are paid by Mantra Hotel- GROSS Rental Income of $17,285.64 PER ANNUM Less $273.72 in Costs P/A.- NET ANNUAL Income $17,011.92- SET, FORGET & GET PAID $ EVERY MONTH- SOLD FURNISHED & EQUIPPEDTHESE APARTMENTS ARE NOT AVAILABLE FOR PRIVATE USEFeatures:- Studio apartment fully furnished & equipped- 33sqm internal living, level 7 location, best aspect North facing- Reverse cycle air conditioned (Individual room control)- Current lease to August 2023 with 3 further 5 year options- 24 hour reception, daily housekeeping of the apartment- The Hotel covers repairs and maintenance- Central Perth CBD location, walking distance to everything in Perth city - shopping, dining and nightlife options- Facing the stunning new $75 million Raine square development. Including 40 new retail options, food hall, Coles supermarket, Palace Cinemas, and convenient link to Northbridge. Free Cat bus stop adjacent.For a Private inspection please call Tim Duffield on 0438 885 844