Under offer
10 Messmate Way, Kununurra WA 6743
$1,400,000
Under offer
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10 Bedrooms
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5 Bathrooms
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5 Cars
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Landsize 2,475m2
Apartment
View
NINE PERCENT RETURN!!!
Be quick to secure this incredible investment opportunity. Located on the main entry road to Kununurra CBD within 300m of all town centre amenities this five unit complex is a brilliantly secure, reliable income producing investment and a prime strategic location.
The 5 single level units each have 2 bedrooms and 1 bathroom with individual undercover parking spaces, generous backyard areas and a storage shed. The total land area of 2275sqm makes this an attractive future development site as well.
Each of the units has undergone various stages of renovations in recent years to produce tidy, functional, well-maintained and highly lettable part-furnished tenancies.
The non-strata unit complex has a current annual income of just under $120,000 per annum, representing a 9% gross return,with some rents due for review, this complex could easily achieve a rental return of over 10%.
Low maintenance, Low risk, easily rentable units in a highly strategic town centre location plus future development potential make this an outstanding addition to your investment portfolio.
An Adjoining vacant site of 2175 sqm zoned town centre is potentialy also available to purchase.
Contact Helen Farrell on 0498 358 006 for further information.
Property features
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Carports
5
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Floor area
588m2
Property snapshot by reiwa.com
This property at 10 Messmate Way, Kununurra is a ten bedroom, five bathroom apartment listed for sale by Helen Farrell and Brad Williams at Kimberley First National Real Estate.
For more information about Kununurra, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Kununurra profile page.
If you would like to get in touch with Helen Farrell or Brad Williams regarding 10 Messmate Way, Kununurra, please call Helen on 08 9168 2666 or call Brad on 0429 194 920, or contact the agent via email.
Nearby schools
Kununurra overview
The townsite of Kununurra is located in the Kimberley region in the extreme northeast of the state, 3214 kilometres from Perth. When the Ord River Irrigation scheme was being planned in the 1950s a townsite was included in the proposed development. Amongst other submissions of Aboriginal names put forward for the new townsite being created in the vicinity of the Ord River Dam was "Cununurra", said to mean "black soil" and to be the Aboriginal name for the Ord River according to Mary Durack. A Mr. Lewis of the Public Works Department reported that a soil survey undertaken in 1954 had disclosed that 99 per cent of the land to be irrigated from the dam was composed of "cununurra clay". This name was not favoured by the Postmaster-General's Department because of its similarity to place names in Queensland, New South Wales and South Australia. However, to compromise, that department suggested adopting the spelling, "Kununurra", this version being approved in March 1960. The townsite was gazetted in 1961.
Kununurra quick stats
High end
$640k
Median
$515k
Low end
$383k
This listing
18.4 %
Annual growth
$515k
Annual median sales price
$880pw
Annual median rental price
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