Mandurah 60/65 Ormsby Terrace

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. The corporate body is optimistic for the growth and profitability of the hotel going forward. This presents a great opportunity to get in at this low price and potentially reap the returns in the future and also possible capital growth.

The Atrium Hotel is an icon in the Mandurah region and offers a wide variety of leisure facilities including an indoor heated swimming pool and spa, electronic games room and Tennis courts.

The complex has its own quality Restaurant, Conference rooms and Function centre and all of this only moments from Mandurah's beautiful Waterways, Marina, Cinemas, Restaurants, cafes, Ale Houses and Central Mandurah's shopping precinct.

For inspections please contact Kelsey Dyck to schedule a time to view.

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DISCLAIMER: This description has been prepared for advertising and marketing purposes only. It is believed to be reliable and accurate; however buyers must make their own independent inquiries and must rely on their own personal judgement about the information included in this advertisement. Century 21 Coast Realty provides this information without any express or implied

Property Information

• Land area approx 61sqm
• Floor area approx 61sqm

Property Features

• Air Conditioning