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Positioned within the highly sought-after Subiaco Common and the historic Australian Fine China precinct, "Viridian China Green" represents an exceptional investment opportunity. Developed by the renowned Pindan and designed by the esteemed architects at Hames Sharley, this project seamlessly blends the rich artistic heritage of the area with contemporary urban living.
This ground-floor, 1-bedroom, 1-bathroom apartment, hitting the market for the first time, is a prime asset in a complex that stands out for its modern design and lush, serene surroundings. The building, part of two boutique structures, rises five storeys and offers residents a tranquil, garden-enveloped retreat.
The apartment itself features a functional, open-plan layout with a tiled kitchen that flows into a carpeted living space. A private alfresco courtyard provides an outdoor retreat, framed by low-maintenance gardens. The master suite is spacious, with double sliding mirrored robes and a built-in desk, while the cleverly-concealed European-style laundry maximises space efficiency.
Investors will appreciate the array of amenities that elevate this property. The Level Five rooftop terrace offers a vibrant community space with 360-degree views, perfect for entertaining with barbecues, a Teppanyaki plate, and more. The basement houses an air-conditioned gym, a steam room, and additional toilet facilities. A secure car bay with direct lift access is included, ensuring convenience for tenants.
Location is key, and this apartment delivers. It is a stone's throw from the picturesque Subiaco Common parklands, the Lords Recreation Centre, and the bustling heart of Subiaco, with its array of shops, cafes, restaurants, and bars. Excellent transport links via Hay Street make it easy to access the Perth CBD, Kings Park, Elizabeth Quay, and the coast.
**Features**:
- Secure, gated complex with dual entry points and swipe/fob access
- Open-plan kitchen/living area with access to a private courtyard
- Well-equipped kitchen with quality integrated appliances
- Spacious master suite with built-in robes
- Stylish bathroom with modern fittings
- European-style laundry with included appliances
- Walk-in storeroom and A/V intercom system
- Split-system air conditioning
- Rooftop terrace with panoramic views and BBQ/Teppanyaki area
- Basement gym, steam room, and secure car bay
- Ample guest parking on surrounding streets
- Prime school catchment zones for Subiaco Primary, Jolimont Primary, Shenton College, and Bob Hawke College
**Financials**:
- City of Subiaco Council Rates: $2,000 approx. p/a
- Strata Fees: $882.39 approx. p/qtr
- Approximate ROI: 5.35% based on a purchase price of $485,000 and rental income of $600 per week *
- Leased until 27/3/25
This property offers a compelling blend of location, amenities, and potential return, making it an attractive addition to any investment portfolio. Don't miss this opportunity to secure a foothold in one of Subiaco's most prestigious developments.
* Note - the buyer/s shouldn't rely solely on the potential returns advised by the selling agents and should conduct their own due diligence to make an informed decision.