The Phone Code for this property is: 32063. Please quote this number when phoning or texting.
We are pleased to present Norseman Apartments, a complex of four self-contained, two-bedroom, brick and tile apartments. The complex is currently operating as popular short-term accommodation in Norseman, @$200-$250 per unit/per night.
Norseman's is known as the Gateway to WA and the Eyre Highway. It is located a day's drive from both Perth and the WA/SA border, making it ideal for overnight accommodation for interstate travelers. The apartments also enjoy high occupancy rates due to a diverse client base, including essential services, government workers, and corporate visitors.
The business is positively reviewed, and maintains a strong online presence with a dedicated website and Airbnb listings. It is also actively promoted through the Tourism Council of WA, local Tourist Information Centers, strategically placed signage, and features in the Nullarbor Map and website. While two apartments are currently listed on Airbnb, all four could be managed through this platform.
The business is easily managed remotely via mobile phone and laptop, with contactless check-in and local cleaning staff in place. There is a well established landscaped garden, sealed rear yard with additional parking, There is a storage shed on site, as well as a fully equipped store room/laundry with a large capacity front load washer and heat-pump dryer.
In addition to the apartment complex, a modest miner's cottage on a large adjacent block could be included into the sale price. This offers potential for expansion with pre-fabricated accommodation (subject to Shire approval) or could provide extra parking, caravan storage, or a caretaker's residence.
After eight successful years, the owners are looking to retire and travel. They are committed to providing a smooth transition for the new owner.
The business has been profitable for the current owners. It also offers the potential for high rental yields, especially considering the local mining presence and the current housing shortage. If you prefer not to continue short-term accommodations, renting the apartments long-term, either furnished or unfurnished, presents another option with a great return on investment.
Another option may be to purchase with your Self Managed Super Fund, and lease back to your accommodation business, or simply rent units for long-term investment.
If you would like to explore this opportunity further, please don't hesitate to contact us. We would be happy to answer any questions you may have.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
