Positioned in one of Warrnambool's most sought-after central locations, midway between the CBD and the foreshore, this unique dual-key property offers an exceptional combination of lifestyle, flexibility and income potential.
Whether you are looking for a permanent home by the beach, a coastal escape, an investment, semi-retirement opportunity, intergenerational living or the chance to live in one and generate an income from the other, this is a property that can adapt as your circumstances change.
Apartment 6 comprises three bedrooms and two bathrooms in total, cleverly configured with an interconnecting door that allows it to operate as one substantial residence or as two separate, self-contained living spaces – 6 and 6A.
Downstairs, the spacious one-bedroom residence features a full kitchen with oven, dishwasher and full-size refrigerator, two separate living areas, laundry, private courtyard and front patio. One of the living areas also provides flexibility as an occasional additional sleeping space.
Upstairs offers two bedrooms, its own living area and kitchenette, a recently renovated bathroom, balcony and the added benefit of a single garage with recently finished epoxy flooring.
Together they provide an incredibly versatile three-bedroom, two-bathroom property. Separately, they create two independent spaces that can be occupied or rented in numerous combinations.
The location is equally impressive. Leave the car at home and walk to Warrnambool's CBD restaurants, cafés and shopping in one direction, or the foreshore, beach and Lake Pertobe in the other. Flagstaff Hill and the city's cultural and entertainment precinct are also virtually on your doorstep.
For more than two decades, the property has been successfully operated as short-stay accommodation, demonstrating just how well suited the dual-key configuration and location are to the accommodation market. Most recently, the two apartments have generated combined gross annual income in excess of $100,000 with an occupancy rate over 90%, with figures available to back this up.
For a purchaser interested in continuing to operate the property as short-stay accommodation, the experienced owner is happy to provide training and assistance to help them establish and operate their own accommodation business.
Alternatively, forget the business altogether. Live downstairs and rent upstairs to help with the mortgage. Use one level for visiting family. Create separate spaces for parents and adult children. Live permanently in the whole property. Use it as your own Warrnambool holiday base while generating an income when you're away. Or simply hold an unusually flexible investment in a tightly held central location.
That versatility is what makes this property so difficult to replicate.
One property. Two independent living spaces. An outstanding central location. And a remarkable number of ways to use it.
While some of our properties are available to inspect at open homes, ALL of our properties are available to be inspected by appointment. Get in touch to arrange a time that suits.
Disclaimer:
For Statement of Information & Due Diligence please head to our website at www.wilsonswarrnambool.com.au. All measurements & boundary indications are correct to the best of our knowledge, as provided by property owners and external websites. Please complete due diligence to confirm.
