504/18 Rheola Street

Disclaimer Please note: The photographs used in this advertisement are of an identical apartment within the complex for illustrative purposes only. The apartment being sold is located on the 5th floor, not the 2nd floor as shown in some imagery. Finishes, aspect and outlook may vary slightly. Quest Apartment Opportunity in Prime West Perth Location This opportunity 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. Enjoy the appeal of contemporary city style living with this light-filled, beautifully presented apartment showcasing a modern design. The open plan living and dining space is finished with soft carpeting and enhanced by floor-to-ceiling sliding glass doors that lead to a private balcony. Important Investment Information: This apartment forms part of the Quest short term accommodation complex and is professionally managed by Quest Apartments. The property cannot be sold to an owner occupier. It is subject to a management agreement with Quest. Guaranteed income which is derived through the short stay accommodation hotel. This makes it a set-and-forget investment opportunity suited to buyers seeking exposure to Perth's corporate and short-stay accommodation market without the day-to-day management responsibilities. Situated moments from Kings Park, Subiaco, the CBD and public transport, the location continues to attract strong corporate and tourism demand. Lease Details: Rent: $567.50 per week - $29,510 pa (current confirmed rate from Oct 2025) July 2026 + 4% = $590.20 per week - $30,690 pa July 2027 + 4% = $613.81 per week - $31,918 pa July 2028 + 4% = $638.36 per week - $33,195 pa July 2029 + 4% = $663.89 per week - $34,523 pa June 2030 - Market Review Lease Terms: Lease to 30/06/2030 with 4 x 5 year options Quest pay Strata Fees (Administrative Fund) - Approx. $5,400 pa Built in 2005 and operating under a secure, professionally managed lease arrangement, this property is designed for truly passive ownership. Quest manages all guest services, upkeep, and day-to-day logistics, removing the need for hands-on involvement. The guaranteed rental structure offers valuable financial certainty, making it particularly attractive for SMSF investors or buyers seeking a low-risk, low-maintenance addition to their portfolio. Council Rates: $1,631.50 pa Water Rates: $2,170.26 pa Strata Reserve Levy: $518.50 pq 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.