16/256 Cosy Corner Road

Kronkup WA 6330

Attention investors! Look no further than this exciting opportunity to purchase anexceptional income earning property in one of the south coast region's mostpopular holiday locations. Figures for the 2022/2023 year show net returns of 7.9% so far ($12,864 for 6 months which is annualised to $25,728 net profit for the year).This three bedroom, two bathroom modern villa with adjacent carport and pavedalfresco patio area is free standing and sits amongst established native gardensin a relaxing coastal location, just a short distance to fantastic beaches for safeswimming, fishing and surfing. It is part of the Cosy Corner Cottages group, avery well maintained and managed short stay holiday accommodation complex.However the zoning permits owners or other occupants to stay in a villa for up to3 months of the year, so it's possible you can have the best of both worlds - aholiday home for retreats and a rental income outside of the times you require theproperty for your personal use.The property is being sold all fitted out for holiday makers. It's fully furnished andhas modern appliances, including a reverse cycle air conditioner that is only 9months old, a 75 inch Hisense smart UHDTV, DVD player, four burner gas stovetop and oven, microwave, full size fridge with freezer, front load washingmachine, wall mounted clothes dryer, luxury king size bed in the master bedroomwith ensuite, new vertical blinds, some stunning wall art in the lounge room andensuite bedroom, and all the cutlery and crockery that guests will need. Thefurniture and contents are valued at around $25,000 but this is all included in thepurchase price.Angled ceilings in the living and adjoining dining area that is open to the kitchenadd to the feeling of light and space in this modern villa, also featuring remotecontrol ceiling fans with summer and winter mode.All three bedrooms have built in robes and carpet for flooring. The king-sizedmaster bedroom has an ensuite bathroom with shower, vanity and toilet and theother two bedrooms both have twin single beds. The second bathroom, with ashower and toilet, is incorporated into the laundry.Both bathrooms feature heat lamps & fans.This property is managed by Banksia Properties, a local holiday accommodationmanagement provider, who handles all of the bookings, cleaning and servicingfor the owner, and up-to-date financial records are available to view, showing thefantastic returns. It's the perfect "set and forget" arrangement forinvestors who want to simply sit back and enjoy superb returns every month.This particular property for sale is one of the only two 3 bedroom, 2 bathroomvillas built in the entire scheme (with others being 2 bedrooms, with 1 or 2bathrooms) and is perfect for families or groups wanting to stay under the sameroof for their getaways. It also comes with the added advantage of wirelessinternet so guests enjoy the benefit of fast, unlimited WiFi and can stream Netflix,STAN, Prime Video and Kayo Sports.Recreational facilities available to all who stay onsite include a tennis court and agames room with table tennis and a pool table. There is even the local CosyCorner cafe and store situated just meters away from the door step of the villa formeals, snacks, drinks and supplies.The region is renowned for its spectacular coastline, leisure pursuits, galleries,wineries and bushwalks. With so many scenic and sumptuous attractions closeby it's easy to see why this location is popular with tourists. However, it's also anattractive destination for nearby locals already living in Albany, Denmark andsurrounding townships wanting a 'weekender' that is not so far away from home.To view this amazing investment opportunity or request a copy of the financials,which are up to date to December 2022, please contact Lee Stonell on 0409 684653 or lee@merrifield.com.au today.What you need to know:- Exceptional investment opportunity- Zone for short-term holiday accommodation- Terrific occupancy record and excellent investment returns of > 7% net- In immaculate complex close to beach- Owner may occupy for up to three months a year- Fully furnished, crockery, cutlery and all appliances included- Open plan kitchen, dining and living area that flows on to undercover patio- Outdoor setting and barbecue- King-sized main bedroom with BIR and ensuite- Two other twin bedrooms with BIR- Bathroom with shower, vanity, toilet, washing machine & clothes dryer- Carport under the main roof- Shared recreation facilities - tennis, table tennis, pool table- Meters from the local cafe and store selling food, beverages, including alcohol, and local goods- Near national park and numerous tourist attractions- 20 minutes to Albany, 30 minutes to Denmark- 288 sqm lot size, survey strata title- City of Albany Rates $1,366.49 per annum- Strata Levies $2,998.08 per annum