OFF MARKET

66/1 Resort Place
Gnarabup WA 6285

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 66m2
Land area: 55m2
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Property Details for 66/1 Resort Pl, Gnarabup

Building Type
Commercial
Year Built
1999
Floor Size
66m2
Land Size
55m2
Local Government
Augusta-Margaret River
Lot/Plan
66/S035875

Last Listing description (January 2024)

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:

Shire Rate $2,220.65
Water Rates are $190 for 2 months
Strata Fees are $904.70 per quarter
Electricity changes as usage

Unit 66 / 1 Resort Place is ideal for an investor looking for a solid investment in the prominent beachside location of Gnarabup.

Property History for 66/1 Resort Pl, Gnarabup, WA 6285

A timeline of how this property has performed in the market
Last Sold
$245,000
21 Jun 2023
Listed for Rent
$312/w
20 Mar 2018
  • 21 Jun 2023
    Sold for $245,000
  • 22 Sep 2017
    Listed for Sale $175,000
  • 28 Dec 2004
    Sold for $132,000

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About Gnarabup 6285

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:

  • The median value for Houses in Gnarabup is $1,128,122 while the median value for Units is $449,426.
There are currently 5 properties listed for sale, and no properties listed for rent in Gnarabup on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Gnarabup.

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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.