This well-positioned commercial unit is in the convenient coastal location of Gnarabup Beach Resort. The conveniently located unit offers 55m2 of commercial space with dual entry. The opening entry is directly opposite the Margaret River Resort car park, and the other is behind, with access via the walkway between the pool and The Common.
With a 7.5% return, a current lease is in place until June 2026 with a rental of $18.898.92 plus GST + outgoings, an annual 3% increase on the 1st of July each year.
Tenant's outgoings include:
Unit 66 / 1 Resort Place is ideal for an investor looking for a solid investment in the prominent beachside location of Gnarabup.
The size of Gnarabup is approximately 2.5 square kilometres. It has 4 parks covering nearly 92.4% of total area. The population of Gnarabup in 2011 was 351 people. By 2016 the population was 467 showing a population growth of 33.0% in the area during that time. The predominant age group in Gnarabup is 40-49 years. Households in Gnarabup are primarily couples with children and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Gnarabup work in a managers occupation. In 2011, 61.9% of the homes in Gnarabup were owner-occupied compared with 71.6% in 2016.
Gnarabup has 443 properties. Over the last 5 years, Houses in Gnarabup have seen a 98.52% increase in median value, while Units have seen a 63.27% increase. As at 31 December 2024:
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