At this address is a unit in 27/S046318 Margaret River WA. In this market, it is valued at approximately $290,000. Constructed in 2004, with 2 bedrooms and 2 bathrooms.
Best Deal in Town Ground floor self contained luxury 2 bed, 2 bath apartment returning $21,347.52pa NET! in central Margaret River. Sime Darby Australia (the lessee and managers) pay all strata, water, power, rates etc... All the owner pays is land tax. That's a net return (pre land tax) of 6.29%, and the chance of capital growth. The rent is paid to the owner in monthly instalments of $1,778.96.As an owner you and family or friends can use the apartment for up to 10 days free of charge each year. If you add in the value of the free holidays, the return is well over 7%. In this low interest rate environment, such an investment beats the bank!The double brick construction and town centre location make this an ideal base from which to sample the best of the area, as well as a good investment.Additional feature/s - Close to Schools.