4/23 Adelaide Street, Fremantle WA 6160

UNDER OFFER

Priced to sell! If you are looking for a high quality, well-positioned investment property that is already a registered short stay with the City of Fremantle, then this bright, ground floor apartment is for you! Have your very own holiday home in Fremantle, and the rest of the time being above market returns.

Currently used as short term accommodation with a great return this is perfect for someone who wants to run the property as self-managed or managed short term accommodation or have it as a great lock and leave city pad. Financials can be provided to buyers upon signing a non-disclosure agreement. (For more information on short stay accommodation for this property, please click on the below link - shorturl.at/bjzJP)

Features include:
- Absolute Fremantle Town Centre
- Completely professionally renovated (top to tail)
- Ground floor unit
- Dual entry
- Rear entry leading to large garden area
- Front area secure gated entry and gardens
- Front door keyless electronic entry
- High ceilings
- Upgraded electric to compliance
- Upgraded switch board
- 3 phase power
- Industrial LED lighting fixtures throughout
- Property completely re-plummed
- New 3 phase HWS
- Daiken reverse cycle aircon
- Feature grade Marri floors throughout
- Plantation shutters
- All new aluminium windows, louvred windows and security screens front and back.
Professionally fitted black granite tops and feature shelving in the bathroom.
Italian tiled bathroom with frameless glass shower screen and concealed toilet cistern
- Custom made loft bed with timber luggage rack
- Bosch Induction cook top
- Smeg multi function oven/ microwave/grilled unit

Furnishings:
- Internet UHD TV
- LG washer/dryer combo unit
- IKEA Hemnes unit
- Complete art styling package from Melbourne art design studio
- Designer couch.
- Dyson cordless vacuum
- Tolix bar stools
- Quality appliances throughout.

- Caretaker on-site
- Full time gardener
- Secure car-parking bay
- Income from carpark leasing to local business
- Millions already costed and funded for major upgrades in the complex including: new lifts now completed, recent re-roofing completed, complete window replacements 90% completed and currently now all the handrails being replaced in the entire complex.
- CCTV monitored site
- High speed NBN to complex

Options available for purchase include:
Option 1 - $310,000 vacant possession (unfurnished)

Option 2 - $310,000 - (unfurnished) lease back option 7.13% gross return - fixed rent $425PW. 1-3 years guaranteed - with professional short stay managements in place.

Option 3 - $345,000 - complete business (to be managed with existing management or self managed) with furniture. Gross return during off peak is 11.55%!

Council rates: $1,540.00 per annum (approx)
Water rates: $1,018.77 per annum (approx)
Strata fees: $950 per quarter (approx)