An exceptional property in the heart of Margaret River offers astute investors an unparalleled opportunity to not only secure a substantial property holding but also a return on investment rarely offered in today’s marketplace.
24 Fearn Avenue occupies a site area of 1,012sqm and features a superbly renovated building that maximises the tenant’s usability. Quality finishes, air-conditioned spacious rooms and reception, first rate kitchen and toilet amenities, wide verandahs, covered patios and ample storage are just some of the features on offer. Add the rear access, ample parking onsite and the proximity of plenty of other parking, this offering just ticks all the boxes.
Leased for 3 years with a similar option, the property produces an annual net income of $77,250 to realise an investment return of 7.36%.
You will not find a better investment opportunity in Margaret River today.