18 Thomas StreetNarembeen WA 6369
Property Details for 18 Thomas St, Narembeen
18 Thomas St, Narembeen is a 1 bedroom, 1 bathroom House and was built in 1973. The property has a land size of 1019m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in April 2023.
Last Listing description (May 2016)
THE NAREMBEEN MOTEL
This profitable, neat and modern six room motel is offered to the market for the very reasonable price of $170,000 + GST.
The property consists of three self-contained one bedroom units of brick and tile construction. Each has a queen bed, reverse cycle air-conditioning, flat screen TV's in lounge and bedroom, dining area, kitchen with large fridge, hotplate and convection microwave and bathroom. Each unit has access to an outdoor area with table and chairs overlooking the gardens. There are an additional three units to the rear of the property each offering motel style accommodation.
Current owners have managed to achieve a consistent income, with a lot of repeat customers and business travellers gladly choosing to stay at the Narembeen Motel.
The motel can provide investors with a stable income stream, particularly suited to someone living in the Narembeen area looking for a profitable project. Likewise, employers struggling to supply employees with reliable accommodations may find this to be a perfect solution.
An improved website with enhanced online booking system is being created and will further streamline the management of the motel.
There is also a communal laundry with modern coin operated washing machine and dryer.
All furniture, appliances, linen and fixtures are included in the sale, making this sensational value for money.
To register your interest in this rare opportunity, contact the Exclusive Selling Agent Simon Cheetham today 0428 147 359
Property History for 18 Thomas St, Narembeen, WA 6369
- 22 Apr 2023Sold for $250,000
- 23 Mar 2016Sold for $169,000
- 22 Feb 2016Listed for Sale $187,000
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0About Narembeen 6369
The size of Narembeen is approximately 1 square kilometres. It has 6 parks covering nearly 13.3% of total area. The population of Narembeen in 2011 was 463 people. By 2016 the population was 468 showing a population growth of 1.1% in the area during that time. The predominant age group in Narembeen is 60-69 years. Households in Narembeen are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Narembeen work in a managers occupation. In 2011, 61.3% of the homes in Narembeen were owner-occupied compared with 62.6% in 2016.
Narembeen has 342 properties. Over the last 5 years, Houses in Narembeen have seen a 173.15% increase in median value, while Units have seen a -52.86% decrease. As at 30 September 2024:
- The median value for Houses in Narembeen is $218,291 while the median value for Units is $84,719.
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