Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
10 Messmate Way, Kununurra WA 6743
Secure an exceptional investment opportunity with this strategically located five-unit complex situated on the main entry road to Kununurra CBD, just 300 meters from all town centre amenities. This property offers a reliable and secure income stream, making it an outstanding addition to any investment portfolio.
The complex comprises five single-level units, each thoughtfully designed with two bedrooms and one bathroom. Every unit includes an individual undercover parking space, generous backyard areas, and a storage shed, providing tenants with comfort and convenience.
Spanning a total land area of 2275 square meters, this site not only offers immediate rental income but also presents attractive future development potential. The units have undergone various stages of renovations in recent years, resulting in tidy, functional, and well-maintained part-furnished tenancies that are highly lettable.
This non-strata unit complex currently generates an annual income just under $120,000, representing a gross return of approximately 9%. With some rents due for review, there is potential for the rental return to exceed 10%, enhancing the investment's profitability.
Low maintenance and low risk, these units are easily rentable and situated in a highly strategic town centre location. The combination of steady income and future development possibilities makes this property a compelling investment choice.
Additionally, an adjoining vacant site of 2175 square meters, zoned for town centre use, may also be available for purchase, further expanding development opportunities.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Kununurra WA 6743
Market Insights for Kununurra WA 6743
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
