This is a once in a lifetime opportunity to purchase a well-established, uniquely constructed and superbly crafted property very close to the entrance to the townsite of Margaret River. Tucked away one block back from the main street, and nestled amongst shady trees and paved courtyards, this property has been designed on a nautical theme and features stunning crafted fixtures, fittings and cabinetry all created from fine West Australian timbers, as well as other beautiful and unusual feature placements of leadlight windows, skylights and historical artefacts. Most of these items will be included in the sale, but to be clarified with the Agent. The property is comprised of two buildings, both constructed of Jarrah weatherboard and iron.
This incredible craftsman built structures were purposefully built as short stay accommodation and are ideally located less than one street back from the bustling main street of town. Operating for many years as the "Admiral Stirling Inn', it has generated a high income and is a well occupied member of Margaret River's Riverside accommodation group.
Nestled amongst the trees on a lane on a large rear strata block in Margaret River, the Admiral Stirling Inn offers 9 rooms of comfortable accommodation and all room configurations can be viewed on the guesthouse's website. The property offers a range of accommodation suitable for couples, travelling companions, families and groups, including self-contained accommodation with full kitchen facilities, and rooms with beverage making facilities. All accommodation configurations have private bathroom facilities, reverse-cycle air-conditioning, electric blankets and wi-fi availability.
It is a convenient short walk to the main street of town and all of its popular restaurants and bars, or for the guests who like to stay in and soak up the ambience, the Admiral Stirling has a well-equipped on-site kitchen and undercover barbecue facilities.
Currently operating as a short stay business under management, the owners have been offered the opportunity of a fixed term lease for two years, commencing 1 July 2023 which will earn a very healthy income that will represent a 10% Return on Investment.
If you are looking for a solid return on investment, this opportunity will allow you to simply purchase and collect the lucrative rent.
All financial figures and the future lease agreement are available on request upon signing of a Confidentiality Agreement and all property inclusions to be clarified with Agent.
