In the heart of one of the state's best-known tourist destinations, with swimming, recreation and eateries almost on the doorstep, this well-established tourist accommodation is just two streets from the ocean.
Leased to excellent operators until January 2018, it provides an opportunity to invest in prime Middleton Beach real estate with a good financial return.
Park Avenue Holiday Units is an attractive and impeccably maintained property, ideally situated for visitors to explore the many attractions of Albany and the south coast, including the National Anzac Centre on Mt Adelaide a short drive away.
A fitting introduction to the property is its setting of pretty gardens and neat lawns, with peppermint trees and level, paved walkways.
The shipshape exterior gives an indication of the presentation inside both the accommodation units and the business operators' residence.
At the front of the 1012sqm block is the home, an impressive two-storey building of brick, Hardiplank and Colorbond with a front veranda, a first-floor balcony and a double garage at the side.
Inside, it is light and airy, and well appointed with good flooring and window dressings and reverse-cycle air conditioning.
On the ground floor is a lovely open living area with a lounge, dining space and attractive kitchen, with a pantry and a five-burner Smeg chef's stove. A long, sheltered patio through glass doors off the kitchen is the perfect spot for family barbecues and entertaining.
The laundry and third toilet, and the appealing master bedroom, with a walk-in robe and en suite bathroom, are also on this floor.
Upstairs are the other three bedrooms - each of a good size - and the family bathroom, all reached via a big, central activity room with windows on both sides and doors to the long front balcony.
This home was well designed for easy management of the units while allowing privacy for the operators.
The guest accommodation is in two separate buildings, constructed of Hardiplank and Colorbond, with verandas at the front and car spaces close by.
There is one one-bedroom unit, three of two bedrooms and one three-bedroom unit, all similarly furnished and immaculately clean.
The single-bedroom unit has a queen-sized bed. In the two-bedroom units, there is one queen and one twin-bedded room, and the three-bedroom unit has two queens and one twin. All have wardrobes and bedside cabinets.
Each has reverse-cycle air conditioning and comfortable carpeted lounges with a sofa and chairs, TV and DVD player, and a dining area. The kitchens are well equipped with full-sized stoves, a microwave and fridge/freezer, and all the necessary cookware, crockery and cutlery are there. Appointments and furnishings throughout are of a good standard and in excellent order.
Other guest facilities include a laundry with a commercial washing machine and dryer, a washing line, and a gazebo with a barbecue.
For the operators' convenience is a store room with fitted shelving for linen and cleaning materials.
The business has achieved high ratings from accommodation organisations and on web-based Tripadvisor and booking.com.
Middleton Beach real estate is traditionally a sound investment, and this outstanding property realises a rental income of $84,975 inc GST.
It has a proven track record of excellent return for the tenant, making this an attractive proposition for future leasing or for owners wishing to operate it themselves at the end of the current lease term.
What you need to know:
- Located in a major tourist destination
- Leased for $84,975 inc GST
- Two streets from the beach
- 1012sqm block
- Two-storey home with double garage
- Four bedrooms, two bathrooms
- Attractive kitchen
- Open living
- Operators' private patio
- Five letting units, all in excellent order
- Guest laundry and gazebo with barbecue
- Store room
- Reception/office
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