Sold
5/10 Lawley Street, North Beach WA 6020
Sold price: $212,500
Sold: 24 Jan 2020
Sold
-
1 Bedroom
-
1 Bathroom
Apartment
View
Attention all Investors
Inspection by appointment only
Located within a stone’s throw to the beach front - the iconic “Ocean View” motel is a well priced favourite place to stay. The rooms are rarely without a booking and the repeat business is very strong from country, interstate and overseas visitors.
The monthly guaranteed return is ensured and overheads such as shire and water rates & usage are all taken care of – so there’s no hidden costs apart from repairs from time to time
Lot 5 – 10 Lawley Street North Beach – asking price $225,000
Consisting of 2 ground floor apartments
room No’s 16 & 17
These 2 serviced apartments combined will return a guaranteed rental yield of $1,293 per month (no outgoings) or approximately 6.5% PA
Lot 7 – 10 Lawley Street North Beach – asking price $300,000
Consisting of 2 up-stairs apartments with ocean views
room No’s 10 & 11
These 2 serviced apartments combined will return a guaranteed rental yield of $1,854 per month (no outgoings) or approximately 6.5% PA
These are legendary investment properties that are very rare
For more information please contact
Les Lindsay
Peard Real Estate
0407 420 384 or 9447 0011
Property features
-
Air conditioned
Property snapshot by reiwa.com
This property at 5/10 Lawley Street, North Beach is a one bedroom, one bathroom apartment sold by Rod McDougall at Peard Real Estate on 24 Jan 2020.
Looking to buy a similar property in the area? View other one bedroom properties for sale in North Beach or see other recently sold properties in North Beach.
Nearby schools
North Beach overview
The name North Beach began as a descriptive name, derived from the suburb being at the time the most northerly of Perth's beaches. It was assigned in 1888 when surveyor Charles Crossland referred to the pastoral leases of Samuel Richard Hamersley as his "north beach coastal run". The suburb was originally set aside as a timber reserve in the 1860s and then as a quarantine area for camels entering in the 1890s. A number of orchards operated in the area with the only evidence that remains today an old olive tree on Hope Street.
Life in North Beach
Residential styles in North Beach include a mix of holiday dwellings from before and after World War II, some former workers' houses, and modern dwellings. As a residential suburb, North Beach has small shopping areas on the coast and at Flora Terrace and Castle Street which offer basic commercial services. The suburb features a tennis club and has two primary schools - North Beach Primary School and Our Lady of Grace School.
North Beach quick stats
High end
$2.1m
Median
$1.6m
Low end
$1.4m
7.8 %
Annual growth
$1.6m
Annual median sales price
$750pw
Annual median rental price
