14 Bin Sallik Avenue, Cable Beach.
Incredible Investment Opportunity Awaits
Presenting Breezes Apartments Complex, uniquely a non-strata unit complex offering endless investment potential or the next solution to your company's accommodation needs. Fifteen two story units totalling 30 units plus a caretaker's residence, uniquely on one title is being presented for the first time. Fifteen two story units, upstairs are the two-bedroom, one-bathroom units, and downstairs are the one-bedroom, one-bathroom units. Currently five are run as short stay accommodation and twenty-four as longer-term tenancies. Built in 2011, this solid apartment complex not only has the advantage of being built under one title, the sixteenth apartment has been built as a caretaker's residence to ensure the property and grounds have been consistently maintained to the highest standards. THE COMPLEX - 31 UNITS IN TOTAL - 15 x 2-bed, 1-bath upstairs apartments - 15 x 1-bed, 1-bath downstairs apartments - 30 x undercover carport car bays - 10 x extra/visitor car bays - 1 x caretaker 1-bed, 1-bath apartment - 1 x large communal pool - Some units are leased on a fully furnished basis RETURNS - 1-bedroom, 1-bathroom @ approx. $ 470/week long term - 2-bedroom, 1-bathroom @ approx. $ 540/week long term - Annual rental income approx. $787,800 per year - Gross return on investment approx. 9.85 % - These current returns can be improved considerably with expert property management and market review EXTRAS - Shire $45,000.00 approx. pa - Water $26,000.00 approx. pa - Built in 2011 - Uniquely one title non-strata - Building area approx. 2321 sqm - Land Size 3615 sqm - Current zoning R40 LOCATION - Cable Beach 1km approx. - Town Centre 3km approx. - Schools 1km approx. - Shops 1km approx. WHAT NEXT With the demand for housing both privately and for large government and corporates in Broome at an all-time high - this couldn't be a better opportunity. Contact Helen today on 0462 212 212 or helen.atcheson@belleproperty.com
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