The Phone Code for this property is: 29882. Please quote this number when phoning or texting.
Back on the market. The previous offer was subject to finance and did not eventuate. Owners are ready to sell and move on with retirement and will now consider unconditional offers/offers ready to proceed with this unique opportunity.
The property comprises a complex of four fully furnished, decorated, and equipped self-contained two-bedroom brick and tile apartments on a single title. No strata fees.
It features brand new, efficient, Australian-made air conditioning units ready for summer. The yard is securely fenced and includes beautifully landscaped gardens, a BBQ area, and a playground.
A secure, comprehensive commercial lease for the entire complex began in July 2025 with the WA Country Health Service, as accommodation for their internationally recruited hospital staff. This lease has a minimum duration of 2 years, with an option to renew for an additional 2 years.
The terms of this lease offer a solid gross return on investment (ROI) of 15-20% ($11,266 per month). This unique property and location present a great opportunity for self-managed super funds.
Outgoings of approximately p.a. $1200 water corporation, $5000 council rates, $2900 insurance and annual AC maintenance $2700.
The complex has previously operated as a very successful short-term accommodation in Norseman, but after nine years, the owners are looking to simplify their lives, retire, and travel.
If you would like to explore this opportunity further, please don't hesitate to contact us. We would be happy to answer any questions you may have.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
