60/65 Ormsby Terrace Mandurah, 6210 WA
Own a Slice of Paradise, Invest in Atrium Hotel Apartment
Offering two bedrooms and one bathroom, balcony with ocean and marina views. 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 414 in the Atrium hotel which entitles you to a share of profits based on unit entitlement (size of your apartment) when profits are made. The unit entitlement is 69 units of an aggregate of 6907 meaning your unit entitlement is just a fraction under 1% of the total unit shares, for just $79,000.
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 ($1358.69) and council rates ($1610 approx.). Strata cost ($1500 P/Q approx.)
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 travelers drawn to the water lifestyle, foody scene and easy access to the south of western Australia, its 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 travelers and visitors.
Sold $63,000
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Chris Butterworth
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Kelsey Dyck