503/18 Rheola Street, West Perth, WA 6005

This apartment is a premium addition to your investment portfolio that offers you a secure and predictable investment backed by a fixed rental return. Situated on the fifth floor of a quality-built complex, this two-bedroom, two-bathroom apartment is managed by Quest, a well-regarded name in short-stay accommodation. With Quest overseeing operations and a fixed lease agreement in place, your income is not only reliable but consistent - regardless of occupancy fluctuations in the market.

Step into effortless city living with this beautifully presented apartment offering a fresh, modern aesthetic and an abundance of natural light. The open-plan living and dining area features carpeted flooring and floor-to-ceiling sliding glass doors that open onto a private balcony, perfect for relaxing or entertaining with a leafy outlook and glimpses of the skyline.

The sleek, fully equipped kitchen is designed with functionality in mind, boasting ample storage, stainless steel appliances including a built-in oven, electric cooktop, microwave recess, and dishwasher, all set against crisp white cabinetry and tiled splashback.

The bathrooms are both stylish and practical, fitted with a glass-framed shower, modern vanity with under-sink storage, and clean contemporary tiling, offering a fresh and inviting space.

Offering comfort, convenience, and a prime position close to local amenities, public transport, and city attractions.

Built in 2005 and operated under a professionally managed lease, this property requires no active involvement from you as the owner. Quest handles all guest services, maintenance, and operational logistics, making it a truly passive investment. The fixed rental return structure provides a sense of financial certainty that's especially valuable for SMSF buyers or those looking to diversify with minimal risk and effort.

Opportunity:
• No management fees
• No letting fees
• No strata admin levies 
• Guaranteed weekly rent

Lease Details: 
Rent: $480 per week - $25,050 pa (July 1 2025)
July 2026 + 4% = $499 per week - $26,052 pa
July 2027 + 4% = $519 per week - $27,094 pa
July 2029 + 4% = $540 per week - $28,177 pa
June 2030- Market Review. 
Lease Terms: Lease to 30/06/2030 with 2 x 5 year options

Location:
• Kings Park walking trails - 1.3 km
• City West Train Station - 1.3 km
• Watertown Brand Outlet Centre - 1.5 km
• Gordon Street Garage café - 1.4 km
• Subiaco Square Shopping Centre - 2.2 km
• RAC Arena - 2.2 km
• Perth CBD (Hay Street Mall) - 2.0 km
• Harold Boas Gardens - 1.1 km
• West Perth Red CAT bus stop - 600 m
• Freeway on-ramp (Mitchell Fwy) - 1.4 km

Water Rates: $1,093.18pa
Council Rates: $1,575.95pa
Strata Reserve Levy: $518.50pq 

DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, believed to be correct, neither the Agent nor the client nor servants of both, guarantee their accuracy. Interested persons are advised to make their own enquiries and satisfy themselves in all respects. The particulars contained are not intended to form part of any contract.