Inspect from anywhere - 3D virtual walkthroughs available at https://www.au.open2view.com/properties/988442/tour#homeview/1
https://www.au.open2view.com/properties/988442/tour#homeview/2
Some investment properties promise strong returns. This one delivers them - $65,000 in proven Airbnb income last year, across two self-contained residences on one 820sqm title, in one of South Australia's most loved coastal destinations.
The owners close the property every winter to travel and every booking platform other than Air BnB is currently untapped, for an active investor, the opportunity here is significant.
Two homes. One title. Independent everything.
12 Osprey Drive is configured as two fully self-contained residences that operate independently in every meaningful way - separate driveways, opposite-facing decks, and crucially, independent power and water supplies. If something needs attention in one dwelling it has no impact on the other. Each property runs as its own business.
The Plover is a beautifully renovated one-bedroom apartment ideal for couples. Renovated bathroom, kitchenette, reverse-cycle air conditioning and a sheltered deck with BBQ. Simple, immaculate and consistently booked.
The Osprey is a spacious three-bedroom residence with a light-filled living area featuring raked ceilings, a modern kitchen with walk-in pantry, timber entertaining deck with outdoor kitchen and year-round comfort via reverse-cycle air conditioning and ceiling fans.
Both are sold fully furnished for a seamless continuation from day one.
Why it performs
The current owners identified a niche early and have never deviated from it - adults only, no children, no pets. The result is a property that remains absolutely immaculate year after year and has earned its reviews and 5 star ratings.
Five years of consistent short-stay history, a loyal returning guest base and a location opposite reserve in a tightly held coastal pocket have produced an income stream that grows every year. Last year it hit $65,000. This year, with the right operator across the right platforms, it could do considerably more.
The flexibility
This property does not lock you into one strategy. Options include:
Continue short-stay on both - maximise the 8.2% yield
Live in one, rent the other - offset your costs entirely
Short-stay one, long-term rent the other - diversify income streams
Hold as a lifestyle asset - use both for family and friends
A permanent rental appraisal is available on request.
The location
Marion Bay sits at the gateway to Dhilba GuurandaInnes National Park - world-class surf, exceptional fishing, pristine beaches and a coastal community that has kept this place quietly extraordinary for generations. Demand for quality accommodation here is structural, not seasonal. And dual-income properties on a single title at this scale simply do not come up in this market. Walk to the beach, boat ramp and township. Minutes to Innes National Park.
In numbers
$795,000 - price disclosed
$65,000 p.a. proven income - 8.2% gross yield
Achieved on 9 months operation, Airbnb only
Significant upside via full-year operation and additional platforms
Two fully self-contained residences on one 820sqm title
Independent power and water supplies to each dwelling
Adults only, no children, no pets - immaculate condition
5 years of proven short-stay income history
The Plover - 1 bed, renovated bathroom, kitchenette, deck with BBQ
The Osprey - 3 bed, raked ceilings, walk-in pantry, outdoor kitchen, deck with outdoor kitchen
Sold fully furnished - operational from day one
6x6m shed on title
Opposite reserve in sought-after Marion Bay pocket
Close to beach, boat ramp and Innes National Park
Contact Kate for inspection times, full income breakdown and permanent rental appraisal.
Specifications:
CT / 5459/939
Council / Yorke Peninsula
Zoning / RuS
Built / 1988
Land / 820m2 (approx)
Written rental assessment can be provided upon request
Nearby Schools / Warooka P.S, Yorketown Area School
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 335392
