84 Addis St

Lamington WA 6430

539 m²

House

Currently for sale - view listing

Overview

WALK-IN INVESTMENT WITH A PROVEN INCOME HISTORY

If you are an investor looking for more than just a regular rental, this one deserves a closer look. Currently operating as “Little Addis Cottage”, this furnished three-bedroom character home is already established as a professionally managed short-stay accommodation property. There is a genuine trading history, an established management system and, for a purchaser continuing with the current management arrangement, forward bookings can carry across after settlement. That means instead of buying a property and then starting from scratch with furniture, advertising, bookings and management, you can potentially step into an investment that is already up and running. Investor Snapshot The FY2025/26 figures supplied show: • 79.67% occupancy • 290 occupied nights from 364 available nights • 90 bookings during the financial year • Average stay of approximately 3.22 nights • Average booking revenue of approximately $332 per occupied night, based on the supplied FY2025/26 gross booking revenue and occupied nights More detailed financial information can be supplied to finance-approved buyers. The Home Behind the character façade is a welcoming three-bedroom cottage that has already been set up with short-stay guests in mind. • 3 bedrooms (two with in robe) • 1 renovated bathroom with shower and laundry nook • Character timber floors and stained glass windows • Comfortable living area with tile fire • Modern, fully equipped kitchen with oven and dishwasher • Evaporative air conditioning, Split system air conditioner and wall units aircons • Secure enclosed outdoor/patio area • Double carport with rear access • Fully fenced yard • Private parking • Outdoor entertaining and BBQ area • Established character features throughout, including polished timber flooring • Approx. 101m² home • Approx. 539m² block • Built circa 1915 A Management Model Designed to Be Hands-Off For investors who do not want another job added to their week, the professional management business currently handles the operational side of the accommodation, including: • Bookings and guest communication • Payments and bonds • Cleaning and linen • Maintenance coordination • Rate setting • Monthly reporting Subject to the purchaser continuing with the same management arrangement, the property can be handed over almost turnkey, with the property account changing at settlement and bookings continuing rather than beginning with an empty calendar. Location Located in sought-after Lamington, Addis Street is a well-established residential location. The home sits opposite North Kalgoorlie Primary School, with sporting and recreational facilities also nearby. For an investor looking for a furnished property with a genuine short-stay history and an established management structure already in place, 84 Addis Street offers an opportunity to walk into an investment that is already working. Inclusions: Furniture, decorations, linen, kitchen appliances and supplies currently used for the short-stay accommodation. (A few personal items are excluded) Exclusions: The original artwork displayed throughout the property is excluded from the sale. However, permission may be granted for copies to be produced at the buyer’s expense. Council Rates: $2,310.44 (2026/2027) Water connection fee $300 (2026) To arrange a viewing or receive further information please connect with Iris Haynes the Real Estate Pocket Rocket in Kalgoorlie-Boulder on 0420 471 461.