OFF MARKET

6 Sanctuary Road
Cable Beach WA 6726

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 105m2
Land area: 551m2
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Property Details for 6 Sanctuary Rd, Cable Beach

6 Sanctuary Rd, Cable Beach is a 3 bedroom, 1 bathroom Unit with 4 parking spaces and was built in 1998. The property has a land size of 551m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in December 2020.

Building Type
Unit
Year Built
1998
Floor Size
105m2
Land Size
551m2
Local Government
Broome
Lot/Plan
11/S042074

Last Listing description (August 2015)

Opportunities await!!- A superb Management Rights business has become available just a short walk from Cable Beach in Western Australia.
HUGE FINANCIAL UPSIDE.- PRICED TO SELL AT ONLY A 2.5 MULTIPLIER ! WOW!!
All the units have an individual letting agreement in place, with the individual unit owners being absentee investors.

The complex is a holiday let complex and is described as Boutique style holiday sanctuary. The rack rates start at $425.00 per unit per night and attract the discerning client.
One unabashed reviewer described their stay at the property on Trip Advisor; The bungalow was clean, spacious and very well equipped as well as very comfortable and cool with three air cons and four ceiling fans. We particularly enjoyed using the Weber BBQ and eating dinner outside on the verandah. The gardens are well maintained and arranged to ensure privacy between the units. A great location; that is only 500m straight down the road to Cable Beach, with various shops and cafes nearby...nThe hard work of building the business, setting the room rates, establishing the internet booking engine and the website the toll free 1800 number, the town bus service and most tours pick up from out the front, the marketing avenues and establishing the right connections has already been achieved, the easy task of maintaining the momentum already in place and building on the goodwill achieved is very well priced.
With a Return on Investment (ROI) in the vicinity of 33% and interest rates at record lows, this is the time to decide on a venture of this calibre.
Businesses and opportunities such as this come around but once in a lifetime, so be quick to stake your claim!!
Net Profit: $196,000/Total Price: 1,193,000
Includes Furnished Managers Residence, Furnished Office and excess spare land that could be developed by the astute developer.
Please call Gavin: 0409608854 or email: gavinm@raas.com.au for a confidential discussion today!

Includes Furnished Managers Residence, Furnished Office and excess spare land that could be developed by the astute developer.

Property History for 6 Sanctuary Rd, Cable Beach, WA 6726

A timeline of how this property has performed in the market
Last Sold
$525,000
05 Dec 2020
  • 05 Dec 2020
    Sold for $525,000
  • 20 Aug 2015
    Sold for $645,000
  • 24 Jul 2015
    Listed for Sale Not Disclosed
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About Cable Beach 6726

The size of Cable Beach is approximately 9.2 square kilometres. It has 8 parks covering nearly 2.6% of total area. The population of Cable Beach in 2011 was 5,156 people. By 2016 the population was 5,424 showing a population growth of 5.2% in the area during that time. The predominant age group in Cable Beach is 30-39 years. Households in Cable Beach are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Cable Beach work in a professional occupation. In 2011, 41.4% of the homes in Cable Beach were owner-occupied compared with 44.8% in 2016.

Cable Beach has 3,074 properties. Over the last 5 years, Houses in Cable Beach have seen a 65.53% increase in median value, while Units have seen a 76.10% increase. As at 31 October 2024:

  • The median value for Houses in Cable Beach is $651,406 while the median value for Units is $385,155.
  • Houses have a median rent of $1,000 while Units have a median rent of $800.
There are currently 63 properties listed for sale, and 6 properties listed for rent in Cable beach on OnTheHouse. According to CoreLogic's data, 189 properties were sold in the past 12 months in Cable beach.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.