Back to search results

23/65 Ormsby Terrace, Mandurah WA 6210

Sold price: $50,000 Sold: 07 Mar 2023
Sold
  • 2 Bedrooms
  • 2 Bathrooms
  • Landsize 59m2
Unit
23/65 Ormsby Terrace, Mandurah WA 6210

Two Rooms for The Price of One- Atrium Hotel

Welcome to Lot 23/ 65 Ormsby Tce, at the ever popular Atrium Hotel, destination for holiday makers at seaside Mandurah City, home of a World Class Marina, tranquil beaches, Venetian style canals and complimented by an abundance of water activities through-out the region.

Featuring
• Two interconnecting rooms giving a deluxe twin and deluxe studio (one apartment) connected by an internal door.
• Free WIFI, free Foxtel and free parking
• Deluxe Twin offers 2 Single beds, fridge, coffee making facilities, balcony with ocean glimpses and bathroom.
• Deluxe Studio offers 1 Queen bed, fridge, coffee making facilities, balcony with ocean glimpses and bathroom.

This is a real estate purchase with a difference. You are buying a hotel apartment, so this is not for you to live in. You will become an owner of Room 217 & 218 in the Atrium hotel which entitles you to a share of profits based on unit entitlement (size of your apartment) when profits are distributed.

You can also use the hotel for a 14 day stay each year at no cost (subject to availability).

Your annual outgoings are for Water Rates ($1818 approx per annum), Council Rates ($1622 approx per annum) and Strata Levies ($1058 approx per quarter).

With Mandurah offering a vibrant and lively nightlife, it has become a go to for families wanting a weekend away. Popular with local, interstate and international travellers drawn to the water lifestyle, foody scene and easy access to the south of Western Australia, it's not hard to see why Mandurah has become so popular.

Hotel accommodation is limited in Mandurah and the Atrium offers a known and time served option for travellers and visitors. The corporate body is optimistic for the growth and profitability of the hotel going forward.

This presents a great opportunity to get in at this low price and potentially reap the returns in the future and also possible capital growth.

The Atrium Hotel is an icon in the Mandurah region and offers a wide variety of leisure facilities including an indoor heated swimming pool and spa, with a dedicated pizza oven also electronic games room and tennis courts.

The complex has its own quality Restaurant, Conference rooms and Function centre and all of this within walking distance from Mandurah's beautiful Waterways, Marina, Cinemas, Restaurants, cafes, Ale Houses and Central Mandurah's shopping precinct.

Contact Exclusive Sales Agent Robert Ciallella on 0413 124 787 for more details.

Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.

Property features

Property snapshot by reiwa.com

This property at 23/65 Ormsby Terrace, Mandurah is a two bedroom, two bathroom unit sold by Robert Ciallella at Sell Lease Property on 07 Mar 2023.

Looking to buy a similar property in the area? View other two bedroom properties for sale in Mandurah or see other recently sold properties in Mandurah.

Cost breakdown

  • Council rates: $1,622 / year
  • Water rates: $1,818 / year
  • Strata fees: $1,058 / quarter

Nearby schools

0.6km
Mandurah Primary School
  • Primary
  • Government
1.9km
2.2km
Disclaimer

Mandurah overview

A vibrant mixed-residential and commercial suburb, Mandurah is the heart of the Peel district. Once a small fishing village, Mandurah has evolved into a thriving regional city and a popular destination for tourists. Situated along Western Australia's coastline, Mandurah has firmly established itself as a first class 'sea change' destination with an array of property developments that include everything from family homes, to modern apartments in new estates and luxurious mansions with canal views.

Life in Mandurah

An alluring mix of inner-city panache and classic suburban culture define the Mandurah lifestyle. As a result of the 'sea change' phenomenon which transformed the suburb, Mandurah is now home to a major shopping centre, quality restaurants, charming retail outlets, a bustling foreshore and a pulsating boardwalk. Throughout the year, Mandurah hosts several popular annual events such as the Crab Festival in mid-March and the Mandurah Boat Show in mid-October. Other notable features include the Mandurah Train Station, which provides a fast transport option into and out of the Perth CBD, and local schools, Mandurah Primary School, Mandurah Baptist College, Mandurah Catholic College and Frederick Irwin Anglican School.

Mandurah quick stats

High end $510k
Median $450k
Low end $395k
26.8 %
Annual growth
$450k
Annual median sales price
$500pw
Annual median rental price

Contact the agency

Email the agency

Mandatory fields *

Mortgage calculator

FAQ's

The average number of selling days in Mandurah is 6 days.

23/65 Ormsby Terrace, Mandurah sold on 7/3/2023 for $50,000.

The median house price in Mandurah is $450,000, the median unit price is $370,000.
Call