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Modern Freehold Apartment Complex – Carnarvon Wa For Sale

Carnarvon, Western Australia, Australia
Asking Price:
$1,400,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

BS------

Income producing accommodation – Modern, spacious and self-contained!

COVID 19 – the demographic of our clientele resulted in little impact to the business turnover.

Located in the stunning coastal town of Carnarvon, this stunning apartment complex features a total of 4 one-bedroom and 2 two-bedroom modern self-contained units. Offering both short and long-term accommodation the businesses generates a steady income stream for an owner-operator.

With several local industries set for major expansion, now is a great time to consider this investment opportunity. Offering the best short and long-term accommodation in the area, Carnarvon Sea Change Apartments were built by the current owners 11 years ago and are showing an average of 65% occupancy rate.

-Well-established and prominently located business with 11 years successful operation
-Considered Carnarvon’s best short and long-term accommodation
-4 one-bedroom and 2 two-bedroom modern self-contained units
-Units can be strata titled
-Solid pre-stressed concrete construction
-Centrally located in town overlooking the Fascine waterway
-Established Corporate and Government clientele
-Onsite laundry with 2 Maytag washing machines plus a Maytag dryer
-Onsite storage unit
-Low maintenance with stainless steel front fence, artificial grass and aluminium balustrades
-Doubled glazed anodized aluminium doors and windows
-Online security camera plus 2 Tesla recharge points
-11 years of trading figures available
-Business would suit a couple or family seeking a lifestyle with security of income
-Currently run by a couple working approximately 4 hours per day
-Owners will provide a training period to ensure a smooth handover and transition

Carnarvon sits on the coast approximately 904km north of Perth and is the regional centre for the Gascoyne. As well as being a premier holiday destination, Carnarvon is home to many established businesses in the horticultural, mining, fishing and tourism industries.

Several of which, have announced major expansions: Hasting Technology Minerals is currently developing a rare earth mine east of Carnarvon. Twiggy Forrest’s Minderoo Group has just announced the extension of their current operations that will include Carnarvon`s largest mango farm (earth works started May 2020) and Australia`s largest oyster farms (trials under way May 2020).

This already popular apartment complex is set to cash in on these developments so now is a great time for that Seachange!

Price: Business and Freehold $1,400,000 Negotiable

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