69/65 Ormsby Terrace Mandurah, 6210 WA
Sold by Team Butterworth
Offering two bedrooms, one bathroom and ocean views. This is a queen room, twin room on level four of the Atrium hotel. 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 427 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 under 1% of the total unit shares. 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 ($1817 approx.), council rates ($1610 approx.) strata fees ($1035 per quarter 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, it's not hard to see why Mandurah has become so popular.
Sold $37,500
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Chris Butterworth
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Kelsey Dyck