202/112 Mounts Bay Road, Perth WA 6000

Short-stay only zoning | Fully leased to Nesuto until mid-2026 | 69sqm corner apartment in Perth CBD | Ideal for serviced apartment investors This property’s competitive edge lies entirely in its exclusive short-stay zoning and existing hotel lease, which together remove the risk of vacancy and enforce a disciplined income model. The corner position on the second floor provides better privacy than typical apartments, and the fully furnished, open-plan layout with a balcony is well-suited to the serviced apartment market. The building’s tennis court adds a differentiating amenity for guests, and the suburb’s 5.4% rental yield supports the logic of holding for cash flow rather than capital growth. This property suits an investor seeking a turnkey, low-touch income stream from a managed lease in a prime CBD location, not an owner-occupier. The main risk is the zoning restriction: full-time residence is prohibited, which limits resale appeal to a narrow buyer pool and could slow exit. The strata levy at $2,067 per quarter is high relative to the unit size, and the 2003 purchase date suggests limited recent capital appreciation. However, the Nesuto lease through June 2026 provides immediate, predictable income while the short-stay market in Perth CBD remains active. The opportunity is to hold through the lease term, then evaluate whether to re-let on similar terms or sell into the investor segment. Use this property as a passive income vehicle, not a primary residence or speculation play.