Exclusive Multi-Unit Freehold Complex | 31 Units | Strategic Coastal Location | One Title
Belle Property Commercial Broome is proud to present Breezes Apartments, a rare and significant investment opportunity in the heart of Broome's rapidly expanding Cable Beach precinct. Comprising 30 dual-key, purpose-built residential apartments plus an on-site caretaker's residence, this high-performing asset sits on a substantial 3,615sqm freehold landholding and offers strong existing income with clear pathways to unlock further returns.
Uniquely constructed in 2011 and held on a single freehold title, the complex avoids strata complications and enables centralised management-making it ideal for corporate housing providers, build-to-rent investors, accommodation operators, and institutional investors seeking scale in a regional growth corridor.
With Broome's rental market operating near full capacity and demand from mining, tourism, and government sectors intensifying, Breezes Apartments is exceptionally well positioned to capitalise on both short- and long-term income streams.
PROPERTY OVERVIEW
Breezes Apartments is a well designed complex of 31 dwellings.
One Bedroom Apartments - these are located on the ground floor, and offer a neat layout, with open plan kitchen/living, bathroom, laundry, and bedroom with built in robe. Glass sliding doors open to the garden area, which is fenced in timber pickets with a personal gate for access to the parkland across the street.
Two Bedroom Apartments - these are located on the upper floor, and offer a larger footprint, with open plan kitchen/living, bathroom, laundry and each bedroom with a built in robe. Glass sliding doors open to the large balcony, which overlooks the natural bush parkland across the street. An external lockable storage area is also available for all two bedroom apartments.
All apartments have good quality block out blinds, cyclone diamond grill to the window openings, split system aircon units, solar hot water storage, and all bedrooms are quite roomy with good natural light. The outlook across the parkland for the tenant is appealing and provides for a quiet and peaceful location to call home. All fully furnished and self-contained, with private entrances, modern kitchens and bathrooms, practical hardy flooring, and open-plan living areas. Units are leased on a furnished basis, particularly appealing to short-stay guests or employers housing seasonal workers.
Total of 31 Apartments:
*15 x 2-bedroom, 1-bathroom apartments on upper level
*15 x 1-bedroom, 1-bathroom apartments on ground level
*1 x 1-bedroom, 1-bathroom apartment utilised as an on-site caretaker's residence
The complex also features a resort-style communal pool-a highly desirable feature in Broome's tropical climate-surrounded by landscaped gardens and shaded relaxation areas.
*30 x Undercover allocated carports, one for each tenancy
*14 x Additional onsite visitor car bays, providing ample parking for guests and contractors
*Low maintenance tropical gardens with automatic irrigation throughout
*Solar hot water storage systems for each unit
*Separate billable power supply to each unit (long stay tenants pay and set up their own power)
*Built in 2011, with robust construction materials designed for the Kimberley climate
CURRENT USE & INCOME STREAMS
Breezes Apartments benefits from a diversified tenancy profile. Currently:
*23 apartments are leased on long-term tenancy agreements, generating consistent monthly income
*6 apartments are utilised as short-stay accommodation, offering higher nightly yields and flexibility for visiting workers, contractors, or holidaymakers
*1 unit is used by an on-site caretaker, and 1 unit for owner use (both non income producing).
This dual-income strategy ensures both yield stability and growth potential, particularly if more units are transitioned into executive or corporate short-term leasing in line with market demand.
FINANCIAL SNAPSHOT
*1-Bedroom, 1-Bathroom Apartments: Leased at approx. $470 per week (long-term basis)
*2-Bedroom, 1-Bathroom Apartments: Leased at approx. $540 per week (long-term basis)
*Gross Estimated Rental Income: $787,800 per annum
*Gross ROI Estimate: Approx. 9.85% based on current configuration
*Significant opportunity to increase yield via short-stay expansion, rent review, or targeted corporate leasing
*Fully furnished and self contained leasing model to enhance returns
OUTGOINGS (Approximate Annual Costs)
*Shire Rates: $45,000
*Water Rates: $26,000
*Insurance, maintenance, and management costs: Available on request
*Capital allowances and depreciation benefits available due to the 2011 build year
BUILDING & LAND DETAILS
*Total Building Area: Approx. 2,321 sqm
*Land Area: 3,615 sqm freehold (single title)
*Construction: Rendered masonry walls, Colorbond roofing, energy-efficient fittings
LOCATION ADVANTAGE
Strategically positioned in a quiet residential pocket just minutes from major amenities, Breezes Apartments offers excellent lifestyle access for both permanent residents and short-stay guests.
*1km to Cable Beach world-renowned destination for leisure, resorts, and dining
*3km to Broome Town Centre & Chinatown precinct government services, banking, retail
*1km to schools and shopping Broome North Primary, St Mary's College, Boulevard Shopping Centre
*Close proximity to Broome International Airport and direct access to regional mining and resource operations
This location makes Breezes highly suitable for government departments, corporate contractors, healthcare workers, FIFO personnel, and long-stay tourism guests.
THE OPPORTUNITY
With 31 income-producing dwellings, proven tenancy demand, and a structure that supports both passive income and active yield improvement, Breezes Apartments is an unmissable opportunity in the Broome market. (Please note - additional income available as the caretaker unit & 1 of the one bed units are not receiving rent due to use for owner purposes)
