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Overview
3 Upper Esplanade, Bunbury, WA, 6230
This exceptional property offers a unique opportunity to acquire a coastal apartment complex consisting of seven individually strata-titled apartments, located in the economic heart of Southwest Western Australia. The complex is approved for short stay rentals or fixed term leases, providing flexibility for investors or owner-occupiers.
Situated opposite parkland and the beach, the location offers easy walking access to the Bunbury Central Business District, making it highly desirable for tenants and visitors alike. Ocean views are available from the first-floor balcony, enhancing the appeal of the property.
The complex comprises six two-bedroom units and one three-bedroom unit, all fully furnished and ready for immediate rental. The projected gross income based on fixed term rents is approximately $201,500 per annum, reflecting the strong rental demand in the area.
Key features include:
- Seven apartments in total: six two-bedroom units and one three-bedroom unit
- Approved for short stay rental, offering excellent income potential
- Fully furnished units, ready to rent immediately
- Individually strata titled and available for purchase as one line
- Prime location opposite parkland and the beach
- Land size of approximately 1,179 square meters
- Building size of approximately 469 square meters
- Future development potential with a three-story height limit and a 3.5:1 plot ratio
Bunbury, known as Western Australia's 'second city,' boasts a diverse economy driven by manufacturing, mining, construction, and port trade. The city is experiencing rapid residential growth, making this property an attractive investment opportunity.
Prospective buyers should note that all measurements and dollar amounts are approximate and marked with an asterisk for reference. Boundaries shown on images are guidelines for visual purposes only. Buyers are advised to conduct their own due diligence, including a visual inspection, before making an offer and should not rely solely on the photos or text in this advertising.
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
Bunbury WA 6230
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 469 m² |
Market Insights for Bunbury WA 6230
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* 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.
