Located in the heart of the CBD, and built with a charmingly country style feel is a selection of units in the Banksia Gardens Resort Motel, and dearly loved and expertly managed accommodation venue in the City for the past decade and more.
Though conveniently set on the Albany Highway entry to the city, the complex is designed on a gentle taper down away from the road, which means each unit gets P and Q and a relaxed holiday feel.
So here’s the clincher- there are currently four of these wonderfully country styled holiday units for sale- ranging from one bedroom motel style units with kitchenette and separate bathrooms, through to a two bedroom fully self contained unit with private courtyard space.
In times when the market is just beginning to pick itself up and brush itself of, these units present a unique and solid opportunity to earn a guaranteed return of 7.5% (minimum $775 per month) (linked to CPI), no strata fees, and a maintenance fee which covers all of the management, upkeep and nurturing of the unit to ensure it is kept in peak condition.
As an investment however, the units offer an additional perk, with the owners being permitted one week in peak time and one week in off peak time per year to enjoy the space themselves, at 50% off the normal tariff- perfect for those wanting to make Albany their holiday of business base.
The various layouts are homely and modern- a country chic style flowing throughout their decor and furnishings. This flows right through to the specially designed beds, which feature a carved wood gumnut motif- a beautiful warm touch. Gas heating, flat screen TV’s, reverse cycle air conditioning and plenty of natural light grace each of the spaces.
Some also feature a two person corner spa for that extra hint of holiday luxury (Great Southern Wine and Produce while kicking back in the massage jets anyone?)
Above all, the complex is managed by experts who lovingly nurture the property and all of its communal areas including a wonderful BBQ area, children’s playground and a restaurant.
Each unit has a 5 year lease, with two additional 7 year options to follow- making them a perfect boost for your self-managed super fund, or simply an indulgent investment which provides a little golden egg to grow and grow, while also giving you an opportunity to enjoy it for yourself.
What you should know:
- Fully Furnished Holiday Units
- Choice of 1 or 2 bedrooms, self contained or motel style
- 7.5% return annually, no strata fees
- Professionally managed on 5 year lease + options
- Option for 2 weeks stay per year at 50% tariff
- No council or water rates