Group of Apartments - Significant Short Stay Income

Seeking Expressions of Interest to purchase Oceanside Apartments at 3 Upper Esplanade, Bunbury closing Thursday 14 April 2022 at 4pm (AWST). Consisting of 7 short stay apartments in one line that provides a substantial income stream. Also a future development site with a 6 story height limit.

Located opposite parkland & the beach and easy walking distance of the Bunbury Back Beach and Bunbury CBD. Ocean views are available from the first floor balcony.

The key attributes as follows;
• 6 x 2 bedroom Units & 1 x 3 bedroom Unit
• Individually strata titled and available in one line
• Opposite parkland and the beach
• 1,179sqm of prime land
• Over $200,000pa short stay income (circa $50,000pa in expenses)
• Predominantly leased to one entity, making management easier
• Future development site with 6 story height limit and 2:1 plot ratio

Please contact Stephen Harrison or Mick Caddy via phone or email provided below for a copy of the Information Memorandum or to arrange an inspection.

Stephen Harrison
Ray White Commercial (WA)
M: 0421 622 777
E: stephen.harrison@raywhite.com

Mick Caddy
Ray White Bunbury
M: 0417 942 650
E: mick.caddy@raywhite.com

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