13/256 Cosy Corner Rd, Kronkup is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 546m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
Located just a few minutes walk from spectacular coastline and enjoying beautiful ocean and bushland views is this freestanding holiday villa in one of the region's most popular holiday destinations. It is set amongst native gardens and is part of the attractive Cosy Corner Cottages complex offering quality short-term accommodation near safe bathing beaches, excellent fishing and surfing spots, with numerous other tourist attractions close by. This exciting opportunity allows an investor to benefit from the terrific income that this property generates as well as having the luxury of being able to use it for their own holidays for up to three months a year.
The villa is currently enjoying a terrific record of occupancy and producing excellent investment returns of approximately 6.5% per annum (net). With a lot size of 546 sqm, it occupies the largest plot area in the complex, with the exception of the onsite manager's residence, and has potential for dual vehicle access, which is ideal if entertaining a number of guests or hosting a function and additional parking is required.
Completely self contained and being sold fully furnished (with the exception of linen which is currently leased and professionally laundered), the stylish double brick and Colorbond villa is freestanding and has a carport under the main roof and a very large deck area at the rear, partially undercover, which provides a fantastic area for outdoor barbeques, entertaining and relaxation. Here is the best spot to be wowed by the stunning views of the ocean, surrounding bushland and hinterland beyond. Ocean and/or bushland views can be also be enjoyed from most rooms within the villa, thanks to its private and secluded setting.
What you need to know:
- Exciting investment opportunity
- Returns of around 6.5% per annum (NET)
- Zone for short-term holiday accommodation
- Good occupancy record and personal use permitted (up to 3 months of the year)
- Management options available, ideal for 'set and forget'
- In immaculate complex close to beach
- Double brick and Colorbond construction
- Fantastic ocean, bushland and hinterland views
- Fully furnished, linen, crockery and all appliances included
- Open lounge, dining and kitchen
- Rear undercover patio and extended deck area with outdoor setting and barbeque
- Queen-sized main bedroom with spa bath and separate ensuite
- Twin-bedded room with BIR
- Bathroom with shower, vanity, toilet, washing machine and clothes dryer
- Carport under the main roof
- Shared recreation facilities tennis, table tennis, pool table
- Meters from the local caf and store selling food, beverages, including alcohol, and local goods
- Near national park and numerous tourist attractions
- 20 minutes to Albany, 30 minutes to Denmark
- 546 sqm lot size, survey strata title
- City of Albany Rates $1,668.42 per annum
- Strata Levies $3,245.64 per annum
The size of Kronkup is approximately 36.5 square kilometres. It has 1 park covering nearly 0.7% of total area. The population of Kronkup in 2011 was 468 people. By 2016 the population was 200 showing a population decline of 57.3% in the area during that time. The predominant age group in Kronkup is 50-59 years. Households in Kronkup are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Kronkup work in a professional occupation. In 2011, 82.8% of the homes in Kronkup were owner-occupied compared with 88.2% in 2016.
Kronkup has 240 properties. Over the last 5 years, Houses in Kronkup have seen a 131.07% increase in median value, while Units have seen a 87.79% increase. As at 30 November 2024:
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