7 PERCENT RETURN, NETT !

Fantastic returns and long lease .

INVESTMENT ONLY APARTMENT. On a commercial lease returning NETT 7 percent per annum.

That is correct 7 Percent NETT !

Being the caretakers apartment and zoned appropriately as the caretakers apartment all outgoings are paid by the strata company.

It is fully maintained by the strata company as per the lease.

The long lease as caretakers apartment was required by Department of Planning in the Seashells Resort Complex's original approval. It is a 25 year lease with 2 by 25 year options signed in 2006. So there is 8 years remaining on the first term and 2 further 25 year options.

Current return is $27,040 per annum with the next market review due in 2026.

Situated on the first floor, the unit has its own kitchen , bathroom with spa , 2 good size bedrooms and a terrace with water views.

Also, unlike most apartments in Seashells, there are 2 car bays and a storeroom undercover allocated on the strata plan.

Its a superb complex SITUATED RIGHT ON THE BEACH with infinity edge swimming pool, tennis court, barbeque facilities.

Rental invoices are issued quarterly and Rates / Land tax invoices issued annually. Talk about SET AND FORGET.

IDEAL SUPER FUND INVESTMENT.

The owners reserve the right to accept an offer prior to the closing date. Obviously it would need to be a very good offer for them to do so.

To view call GARY WARNE

Explore the area

School catchments

Mandurah Primary School Primary K-6 Government 0.88km
John Tonkin College - Tindale Campus Secondary Government 2.0km
North Mandurah Primary School Primary K-6 Government 2.3km
Dudley Park Primary School Primary K-6 Government 2.5km
Glencoe Primary School Primary K-6 Government 2.7km
Assumption Catholic Primary School Primary PP-6 Catholic 3.0km
Greenfields Primary School Primary K-6 Government 3.2km
Frederick Irwin Anglican School Combined PP-12 Independent 3.4km
John Tonkin College Secondary 7-12 Government 3.4km
Mandurah Catholic College Combined PP-12 Catholic 3.4km
Halls Head Primary School Primary K-6 Government 3.8km
Coodanup College Secondary 7-12 Government 4.0km
Foundation Christian College Combined PP-12 Independent 4.3km
Halls Head College Secondary 7-12 Government 4.4km
Meadow Springs Primary School Primary K-6 Government 4.4km
Riverside Primary School Primary K-6 Government 4.6km
Oakwood Primary School Primary K-6 Government 5.4km
Frederick Irwin Anglican School - Halls Head Campus Primary Independent 5.8km
South Halls Head Primary School Primary K-6 Government 6.0km
Mandurah Baptist College Combined PP-12 Independent 6.4km
St Marcellin Catholic College Combined PP-2 Independent 6.7km
Coastal Lakes College Secondary 7-12 Government 7.3km
Austin Cove Baptist College - California Crescent Campus Combined PP-12 Independent 11.2km
Comet Bay College Secondary 7-12 Government 12.6km
Rockingham Montessori School - Karnup Campus Combined Independent 16.0km
Rockingham Montessori School - Port Kennedy Campus (Secondary) Secondary Independent 17.2km
Pinjarra Senior High School Secondary 7-12 Government 18.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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