16/256 Cosy Corner Road, Kronkup WA 6330

Attention investors! Look no further than this exciting opportunity to purchase an
exceptional income earning property in one of the south coast region's most
popular holiday locations. Figures for the 2022/2023 year show net returns of 7.9% so far ($12,864 for 6 months which is annualised to $25,728 net profit for the year).
This three bedroom, two bathroom modern villa with adjacent carport and paved
alfresco patio area is free standing and sits amongst established native gardens
in a relaxing coastal location, just a short distance to fantastic beaches for safe
swimming, fishing and surfing. It is part of the Cosy Corner Cottages group, a
very well maintained and managed short stay holiday accommodation complex.
However the zoning permits owners or other occupants to stay in a villa for up to
3 months of the year, so it's possible you can have the best of both worlds – a
holiday home for retreats and a rental income outside of the times you require the
property for your personal use.
The property is being sold all fitted out for holiday makers. It's fully furnished and
has modern appliances, including a reverse cycle air conditioner that is only 9
months old, a 75 inch Hisense smart UHDTV, DVD player, four burner gas stove
top and oven, microwave, full size fridge with freezer, front load washing
machine, wall mounted clothes dryer, luxury king size bed in the master bedroom
with ensuite, new vertical blinds, some stunning wall art in the lounge room and
ensuite bedroom, and all the cutlery and crockery that guests will need. The
furniture and contents are valued at around $25,000 but this is all included in the
purchase price.
Angled ceilings in the living and adjoining dining area that is open to the kitchen
add to the feeling of light and space in this modern villa, also featuring remote
control ceiling fans with summer and winter mode.
All three bedrooms have built in robes and carpet for flooring. The king-sized
master bedroom has an ensuite bathroom with shower, vanity and toilet and the
other two bedrooms both have twin single beds. The second bathroom, with a
shower and toilet, is incorporated into the laundry.
Both bathrooms feature heat lamps & fans.
This property is managed by Banksia Properties, a local holiday accommodation
management provider, who handles all of the bookings, cleaning and servicing
for the owner, and up-to-date financial records are available to view, showing the
fantastic returns. It's the perfect “set and forget” arrangement for
investors who want to simply sit back and enjoy superb returns every month.
This particular property for sale is one of the only two 3 bedroom, 2 bathroom
villas built in the entire scheme (with others being 2 bedrooms, with 1 or 2
bathrooms) and is perfect for families or groups wanting to stay under the same
roof for their getaways. It also comes with the added advantage of wireless
internet so guests enjoy the benefit of fast, unlimited WiFi and can stream Netflix,
STAN, Prime Video and Kayo Sports.
Recreational facilities available to all who stay onsite include a tennis court and a
games room with table tennis and a pool table. There is even the local Cosy
Corner café and store situated just meters away from the door step of the villa for
meals, snacks, drinks and supplies.
The region is renowned for its spectacular coastline, leisure pursuits, galleries,
wineries and bushwalks. With so many scenic and sumptuous attractions close
by it's easy to see why this location is popular with tourists. However, it's also an
attractive destination for nearby locals already living in Albany, Denmark and
surrounding townships wanting a 'weekender' that is not so far away from home.
To view this amazing investment opportunity or request a copy of the financials,
which are up to date to December 2022, please contact Lee Stonell on 0409 684
653 or [email protected] today.




What you need to know:
- Exceptional investment opportunity
- Zone for short-term holiday accommodation
- Terrific occupancy record and excellent investment returns of > 7% net
- In immaculate complex close to beach
- Owner may occupy for up to three months a year
- Fully furnished, crockery, cutlery and all appliances included
- Open plan kitchen, dining and living area that flows on to undercover patio
- Outdoor setting and barbecue
- King-sized main bedroom with BIR and ensuite
- Two other twin bedrooms with BIR
- Bathroom with shower, vanity, toilet, washing machine & clothes dryer
- Carport under the main roof
- Shared recreation facilities – tennis, table tennis, pool table
- Meters from the local café and store selling food, beverages, including alcohol, and local goods
- Near national park and numerous tourist attractions
- 20 minutes to Albany, 30 minutes to Denmark
- 288 sqm lot size, survey strata title
- City of Albany Rates $1,366.49 per annum
- Strata Levies $2,998.08 per annum