3/16 Stewart Street, Margaret River WA 6285

Unique Short Stay Accommodation Opportunity - Margaret River Bungalows

Here's your chance to enter the holiday accommodation market in the booming tourist mecca of Margaret River. The astute purchaser can capitalize on the hard work of the owners, who have built these high quality bungalows to achieve in excess of 80% occupancy since 2018, and 90% occupancy in 2021. (Full 2021 financial year figures available end March 2022). If you're looking for a tree-change, or to set yourself up for an investment with rental income plus holiday perks, there are perfect options here!
Margaret River Bungalows consist of three all-but identical three bedroom/two bathroom residences in a refreshing natural bushland setting all just 500m from the main street of town.
Options are available to purchase 1, 2 or all 3 survey strata titled units in the enclave.
The craftsman-built Bungalows, all of which have their own car parking, air-conditioning, ceiling fan, wood fire, broad deck, easy-care gardens and an external woodshed, rate close to 10.0 on booking.com, and 4.86/5 stars on AirBnB.
Stunning Margaret River with its surf, sea, wine and restaurants is always high on the list for holiday destinations for Aussies, and (travel restrictions allowing) the rest of the world. Margaret River is just 3 hours from Perth and perfect for city folk looking for a week or weekend away. Plus the new regional airport in Busselton brings Margaret River so much closer to traffic from Melbourne and Sydney, opening future growth and a new market to target.
The options are intriguing: buy one unit, two, or all three. Live in one (these were specifically designed for short stay accommodation and are located within the tourist zone, but have all you could need for comfortable living) and manage the others (with training offered by the sellers). Or the sellers may continue to manage all three units as is under contract.
Don't forget that an investment here gives you the joy and convenience of booking out your own unit for holidays all year round. No more trying to book a holiday down south and finding no room at the Inn!
Relative financial information can be made available following qualified request.
Sold as a Going Concern and Inspections are limited due to guest bookings.
The 3 units are for sale via the Openn Offers platform - it is similar but not the same as an online auction. Openn Offers is a transparent and fair way for buyers to submit offers to give themselves the best chance of success. Please be aware, the seller may accept an offer at ANY time - so buyers are advised to get involved at their earliest so they may be kept informed and have the opportunity to keep offering if willing and able to do so getting involved early also reduces your competition. There MAY be a Final Offer Stage, but this is not definite, and/or the noted Final Offers Stage date and time may change, and should not be relied upon as a time to wait to make an offer. Do convey your buying position to us regarding buying 1 or 2 or all 3 units as we will ensure you don't end up with 2 units unless it is your wish to buy 2 units for example.
Please contact Mark Murray for inspection information and all further details.