First National Real Estate Busselton is pleased to offer this excellent investment opportunity to the market. A rare offering that is returning an excellent rent yield.
Consisting of a large 5,649m2 parcel of land, currently zoned rural, however, this property is situated in a development investigation area.
In addition to the large block, there are extensive improvements to the property, consisting of; A spacious 4-bedroom brick and tile home that is full of character and charm. Featuring high ceilings and large open plan living areas.
There is a large separate lounge room with high feature ceilings and split air-conditioner through arched doors is the formal dining room also with high feature ceilings. The kitchen is spacious with plenty of cupboard space and a large butler’s pantry, there is also a second open informal dining area attached to the kitchen. A large North facing glass enclosed alfresco area is ideal for year-round entertaining.
The master bedroom has a split system air-conditioner, walk through his & hers robe to a modern semi-ensuite. All three minor bedrooms have built-in robes and reverse cycle air-conditioners.
The second bathroom is also renovated with large tiles and modern fixtures.
The residential house sits on a fully fenced yard with established trees and gardens with separate driveway access, there is also a transportable building that has a kitchenette and a bedroom. There is also a large shed to the back of the property.
The house and surrounding gardens are tenanted at $410p/w until October 2021.
The second leased area is the rear part of the property, and consists of extensive hardstand, 3 large sheds plus lean-to machinery shed. The rear section of the property is rented separately at $35,000p/a +GST +Outgoings until September 2021 with two further 3-year options.
This is a unique offering that has multiple avenues of potential for a savvy buyer.
•5,649m2 Block Size.
•Large 4 bedroom, 2 bath brick and tile home.
•Several air conditioners to the home.
•Modern renovated bathrooms.
•3 Large sheds and covered lean-to areas.
•Current Residential rental $21,320 PA.
•Current Commercial Rent $35,000p/a + GST & Outgoings.
•Only 600 metres to the Beach!
•10-minute drive from Busselton Jetty & Foreshore.
•20 Minutes to Dunsborough.
•45 Minutes to Bunbury.
•35 Minutes to Margaret River.
•Under 2 ½ hours to Perth.
For more information on this property or to arrange viewing time call:
Matt Snaddon on 0488280020
Tim O'Sullivan on 0452656280
The information provided by the agent is for a guide, all efforts are made to ensure the information is correct and accurate at the time. Buyers are advised to make their own enquiries into the potential and suitability of the property to their specific requirements.
Any prospective buyer should carry out their own enquiries into the future development potential or lack of development potential before making an offer, First National Real Estate Busselton and its representatives make no representation as to the potential future development potential of the land.
*Note: the water tank behind the house is decommissioned and not in working order. All plant and equipment and solar panels installed at the rear tenancy are not included in the property sale.