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Discover a brilliant entry opportunity with long term investment potential in the heart of East Victoria Park. Behind a secure, gated complex at 'St Ives', this 1 bedroom, 1 bathroom apartment sits in a convenient location that has it all; grab a bite to eat along the vibrant Vic Park caf? strip, ride your bike towards the river foreshore nearby, hop on a bus to the CBD, catch a footy game or concert at Optus Stadium or drive to the airport within 10 minutes.
Located on level 5 with access via a residents-only lift or stairwell, step inside to white painted brick walls, an open-plan layout and city skyline views from the north-west facing balcony. Providing the perfect blank-canvas for those with creative vision, there are endless options to renovate or update this residence, taking inspiration from nearby apartments.
The corner kitchen has a gas stovetop, electric oven and lovely treed outlooks from the windows, with a neat dining space above timber laminate floorboards. Carpet flows through the lounge room to the single bedroom and ensuite bathroom with a vanity, toilet and shower. On the ground floor, a communal laundry and large, private car park can be found, with plenty of off-street parking available for visitors.
This location suits a wide array of buyers from investors seeking an enticing opportunity into a suburb that continues to develop and thrive or first home buyers wanting to establish themselves into the property market. Students will appreciate the close proximity to Curtin University, city commuters have easy access to the CBD via a multitude of public transport options and FIFO workers have the convenience of the airport a short drive away.
Adding to the appeal is the lifestyle on offer; the buzz of Perth city's nightlife and entertainment at Crown Casino and Optus Stadium is so close. For those who love an active lifestyle, winding cycling and walking paths curve around the river foreshore nearby with lush, green parklands on hand.
A loving home for the current tenants of 5+ years, this is an established income stream and attractive option to continue the tenancy. With their lease due to expire in June 2025, there's ample time for the next owners to consider their options.
A lock up and leave apartment, close to all the action with access to so much - this is a wonderful opportunity to get a foothold into this convenient suburb.
Features include:
- Located within gated 'St Ives' complex on level 5
- Painted white brick interiors, laminate timber flooring, carpets
- Private north-west balcony with treed outlooks and city skyline views
- Communal laundry & secure car park for residents
- Brilliant entry opportunity into East Victoria Park, long term investment potential
- Suits an array of buyers; first home owners, city commuters, FIFO workers & investors
- Close to Perth CBD, river foreshore, Crown Casino, Optus Stadium, Curtin University
- Walk to shops, caf?s & restaurants along Vic Park strip & public transport options
- School catchment: East Victoria Park primary school
- Currently tenanted until 23rd June 2025 at $330 per week
Council Rates: $1,434.12 per annum (approx)
Water Rates: $875.00 per annum (approx)
Strata Rates: $800 (admin), $150 (reserve) per quarter (approx)
Special Levy: $716 per quarter (until 1/3/25)