89/65 Ormsby TerraceMandurah WA 6210
Property Details for 89/65 Ormsby Tce, Mandurah
89/65 Ormsby Tce, Mandurah is a 2 bedroom, 1 bathroom Unit and was built in 1982. The property has a land size of 54m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
Last Listing description (January 2024)
Offering the top floor with the best Ocean views available in the Atrium, this is a two bedroom, one bathroom hotel apartment.
With kitchenette, split system air conditioning, open plan lounge and dining, two bedrooms and bathroom. The views from your balcony are incredible over town beach and beyond to the silver sands bay.
This is a real estate purchase with a difference. You are buying a hotel apartment, so this is not for you to live in. You will become an owner of room 519 in the Atrium hotel which entitles you to a share of profits based on unit entitlement (size of your apartment) when profits are made. The unit entitlement is 69 units of an aggregate of 6907 meaning your unit entitlement is just under 1% of the total unit shares.
You can also use the hotel for a 14 day stay each year at no cost (subject to availability)
Your annual outgoings are for water rates ($1358 approx.), council rates ($1610 approx.)
Strata cost ($1500 P/Q approx.)
With Mandurah offering a vibrant and lively nightlife, it has become a go to for families wanting a weekend away. Popular with local, interstate and international travelers drawn to the water lifestyle, foody scene and easy access to the south of western Australia, it's not hard to see why Mandurah has become so popular. Hotel accommodation is limited in Mandurah and the Atrium offers a known and time served option for travelers and visitors. The corporate body is optimistic for the growth and profitability of the hotel going forward. This presents a great opportunity to get in at this low price and potentially reap the returns in the future and also possible capital growth.
The Atrium Hotel is an icon in the Mandurah region and offers a wide variety of leisure facilities including an indoor heated swimming pool and spa, electronic games room and Tennis courts.
Free wifi, free foxtel, free parking
The complex has its own quality Restaurant, Conference rooms and Function centre and all of this only moments from Mandurah's beautiful Waterways, Marina, Cinemas, Restaurants, cafes, Ale Houses and Central Mandurah's shopping precinct.
For inspections please contact Kelsey Dyck to schedule a time to view.
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DISCLAIMER: This description has been prepared for advertising and marketing purposes only. It is believed to be reliable and accurate; however buyers must make their own independent inquiries and must rely on their own personal judgement about the information included in this advertisement. Century 21 Coast Realty provides this information without any express or implied warranty as to its accuracy or currency.
Property History for 89/65 Ormsby Tce, Mandurah, WA 6210
- 16 Mar 2023Sold for $60,000
- 16 Nov 2022Listed for Sale Not Disclosed
- 29 May 2020Sold for $26,000
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About Mandurah 6210
The size of Mandurah is approximately 7.5 square kilometres. It has 33 parks covering nearly 11.2% of total area. The population of Mandurah in 2011 was 7,327 people. By 2016 the population was 7,827 showing a population growth of 6.8% in the area during that time. The predominant age group in Mandurah is 60-69 years. Households in Mandurah are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mandurah work in a trades occupation. In 2011, 38.7% of the homes in Mandurah were owner-occupied compared with 43% in 2016.
Mandurah has 7,685 properties. Over the last 5 years, Houses in Mandurah have seen a 129.73% increase in median value, while Units have seen a 90.44% increase. As at 30 November 2024:
- The median value for Houses in Mandurah is $559,935 while the median value for Units is $503,671.
- Houses have a median rent of $520 while Units have a median rent of $480.
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