31/2 Wilmott Av , Margaret River WA 6285

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31/2 Wilmott Av , Margaret River WA 6285

Offers Above 145000

1 beds

1 baths

2 parking

Investment Opportunity - King Suite - Margaret River Holiday Suites

Phone enquiries - please quote property ID 17914

An opportunity exists to purchase one of the Margaret River Holiday Suites. Situated in the centre of town next to the Margaret River Hotel on an under developed block, this quality unit is a good long term investment with growth potential.

Currently the units in this complex are undergoing a $450,000 maintenance upgrade which is scheduled for completion in March at which time The Margaret River Hotel has offered to Lease and Manage any unit interested in taking up their offer.

Financials for the last 7 years show an average return of $14000 P/A from the Margaret River Hotel Management. That figure is expected to increase once upgrades are completed and the New Airport Runway in Bussleton is operational.

Outgoings: Rates - 1650 Water - 1080 Strata Fees - 1240 Total = $3970 P/A

Centrally located in the heart of the vibrant township of Margaret River and just a short Stroll from a vast array of restaurants, cafes, bars, galleries and gift shops, the Margaret River Holiday Suites offer the perfect place to stay while you fall in love with this world class wine growing region.

Close by are a multitude of tourist delights including the Jewel Lake and Mammoth Caves, spectacular coastline with pristine beaches and world class surf breaks, Karri Forests and magnificent scenery.

To inspect unit Contact us.

DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.