42 Thorpe Street

Rockingham WA 6168

What a great opportunity to buy a freehold property in a beautiful place to both work and live.
Get away from the stress and start to enjoy life. That's what it is all about!!
Live and/or work in beautiful Rockingham WA with the purchase of a beautiful home in an idyllic setting with a fully operational Bed and Breakfast. The sale includes all the existing furniture, linen etc. required to operate the B&B on a wiwo basis.
On offer for sale is the freehold of a purpose-built guest house and its well-established bed and breakfast business. The sale is inclusive of the website, the business name, owners' accommodation wing and the furnishings of the seven or possibly eight guest rooms, lounge area, kitchen and laundry facilities, pleasant garden settings along with some custom made main house inclusions.
The Property
Palm Beach B&B is a quality double - storey establishment, sitting on a large 756sqm parcel of land and centrally located only two hundred metres from the main Rockingham beach and foreshore where award winning restaurants, cafes, wine bars and tapas bars are within walking distance. A short stroll to enjoy swimming, diving, fishing, walking or simply relaxing in the sun or observing Rockingham's inspiring sunsets. Close to the cruising yacht club and the eco- friendly 'Swim with Wild Dolphins.nThe queen size rooms include features such as
-Reverse cycle air conditioning
-Private en-suite
-Large and spacious rooms
-Own private entrance
-TV's (and 24 hour satellite movies)
-Galley kitchen
-Tea/coffee making facilities
-Microwave and fridge
The two bedroom apartment includes
-Reverse cycle air conditioning
-Private en-suite
-Large and spacious rooms
-Own private entrance
-TV's (and 24 hour satellite movies)
-Tea/coffee making facilities
-Microwave and fridge
-Hairdryer
-Safety deposit box
The house is designed to provide privacy to guests and owners with a separate owners' accommodation wing.
The business - Palm Beach Bed and Breakfast
The B & B business is well established with around 15 years track record. It enjoys repeat business and a great reputation for high quality hosting. It is rated 4 stars by star ratings Australia. It is positioned as a luxury weekend retreat or short stay for couples looking for a romantic getaway or a unique experience with a minimum of two-night stays. The current owners have deliberately favoured week-end occupancy over mid-week in their business promotions to maintain their chosen lifestyle. despite this, turnover is healthy at approx. $140k per annum. There is room for growth for new operators willing to target the mid-week trade.
The location
Rockingham - 'where the coast comes to life' - is an aquatic playground, but also close to wineries and adventure attractions.
Attractions such as:
-Rockingham beaches and watersports
-skydiving, flyboarding and jetskiing.
-Penguin island tours
-Swim with the dolphins
-Golf courses
-Wineries
-Ten pin bowling
-Cinemas
-Shopping
-Marana wildlife park
-The cruising yacht club
-Cafe strip, restaurants and bars
Only minutes to garden island, penguin island, lake richmond and cape peron.
Agent's opinion:
This spacious house sits in an enviable location, a few minutes' walk to the shores of rockingham beach and esplanade park, cafes and restaurants. The interior is bright and airy and well laid-out. The business is easy to run and offers a great lifestyle with substantial income relative to the investment. This opportunity would suit a couple looking to enjoy a more relaxed lifestyle without sacrificing income.
With healthy advanced bookings and repeat visits from loyal guests recurring each year, the dual income opportunity provided by this property will give you greater security and a more assured income stream. A property such as this, whilst requiring more day-to-day attention and guest care, offers so much greater opportunity to maximise on your investment and without the usual wear and tear experienced from a residential rental. Do the sums, this property could provide the perfect income stream you are seeking.