21 Wheatley Coast RoadNorthcliffe WA 6262
Property Details for 21 Wheatley Coast Rd, Northcliffe
21 Wheatley Coast Rd, Northcliffe is a 7 bedroom, 6 bathroom Unit and was built in 2009. The property has a land size of 1012m2 and floor size of 240m2. While the property is not currently for sale or for rent, it was last sold in October 2015.
Last Listing description (August 2024)
Discover a Prime Investment Opportunity in Northcliffe's Serene Setting
Unveil the potential of this rural real estate gem, strategically located amidst Western Australia's picturesque South West forests. Presenting a unique 6-unit complex adjacent to the renowned Northcliffe Hotel, this property is offered as a tenanted investment, promising both immediate returns and long-term value.
The complex features a thoughtfully designed layout, comprising five self-contained motel rooms and as illustrated in the floorplan, unit 6 is set as spacious 2-bedroom unit to accommodate an onsite Manager if required.
Price guide is above $600,000 based on the rental return which is set out below here in the text.
Benefit from a consistent monthly lease income of $5,037.19 + GST, translating to an impressive annual revenue of $60,446.28 for the current owners. With tenants covering all operational outgoings, except for the building's insurance, this investment promises hassle-free ownership and steady cash flow.
Moreover, capitalize on the security of a lease agreement extending until October 2026, coupled with two additional options of 10-year terms, ensuring stability and growth potential for discerning investors.
This property offers:
*High Rental Appeal: Tap into the growing demand from nature enthusiasts and eco-tourists seeking tranquil getaways.
*Strong Community: Benefit from Northcliffe's close-knit community spirit, fostering tenant satisfaction and long-term leases.
*Affordability & Value: Secure this affordable investment with potential for rental income growth and property appreciation in this sought-after location.
*Recreational Hub: Capitalize on proximity to bushwalking trails, the coast at Windy Harbour, hiking spots and scenic attractions, attracting tenants seeking outdoor adventures.
Don't miss this unique opportunity to invest in a property where natural beauty meets investment potential. With its prime location and rental appeal, this Northcliffe property promises a lucrative return on investment. Contact us today to seize this investment opportunity and diversify your portfolio with a piece of tranquil South Western Australia!
The property is now open for auction bids through Openn Negotiation. Here are the auction conditions to consider. Be quick as you don't want to miss out!
Auction Type: Openn Negotiation (online)
*Bidding Terms: All bidders must register and secure approval from the Seller.
*Flexible Bidding: Terms can accommodate financing needs.
*Final Bidding Stage (FBS): Scheduled for Wednesday 28th February @ 5:30pm (Please note: Timing may change or the property could be sold prior to this date).
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property History for 21 Wheatley Coast Rd, Northcliffe, WA 6262
- 04 Jul 2023Listed for Sale $650,000
- 06 May 2019Listed for Sale $650,000
- 30 Oct 2015Sold for $150,000
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About Northcliffe 6262
The size of Northcliffe is approximately 27.4 square kilometres. The population of Northcliffe in 2011 was 283 people. By 2016 the population was 291 showing a population growth of 2.8% in the area during that time. The predominant age group in Northcliffe is 40-49 years. Households in Northcliffe are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Northcliffe work in a managers occupation. In 2011, 69.9% of the homes in Northcliffe were owner-occupied compared with 70.4% in 2016.
Northcliffe has 308 properties. Over the last 5 years, Houses in Northcliffe have seen a 116.01% increase in median value, while Units have seen a -77.53% decrease. As at 30 September 2024:
- The median value for Houses in Northcliffe is $384,065 while the median value for Units is $46,262.
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