This is your chance to invest in the vibrant town that is Kununurra. A town that not only thrives on tourism but also has an expanding economy supported by mining, agriculture, retail and service industries. The accomodation market is extremely tight and with tourist numbers increasing annually, there is no better time to invest in this growing regional centre.
The Freshwater East Kimberley Apartments site is located on the Victoria Highway on the main route from the Kununurra airport into the centre of town. Located opposite picturesque Celebrity Tree Park, Lily Lagoon, the boat ramp, a walking and cycle track, enjoyed by locals and tourists alike, plus a range of local restaurants make the location the ideal place to stay when visiting Kununurra.
Freshwater East Kimberley Apartments consists of a total of 80 resort style apartments comprising 60 short-stay and 20 permanent apartments. Designed around a stunning free form resort style pool with undercover decking and bbq facilities, the resort will be sensitively landscaped to create a cool and relaxed environment. Water features and lush native tropical plants will compliment the vivid natural environment surrounding Kununurra.
The two bedroom apartments have typical internal area of 93.1m2 and a courtyard/terrace area of 21.1m2.. To maintain a high standard throughout the resort, a stylish furniture package (selected by Indesign Interior Concepts) will be common to all apartments.
There is significant demand in Kununurra for both tourism and business accomodation and the developers of the project predict that the net return to owners will be significantly higher than a typical residential property,
An added bonus for those who purchase in the initial release of the apartments is that a 7% net rental guarantee (excluding reserve fund and refurbishment fee) for the first 12 months of ownership. Figures have been based on conservative occupancy rates and extremely conservative nightly rates.
There are significant depreciation benefits available to investors and more information about this can be found in our sales information pack. A depreciation schedule is included in the purchase price. There are also studio, one and three bedroom apartments available ranging in price from $320,500 to $599,500.
For further information and to receive a brochure and sales information pack, please contact Kimberley First National on 08 9168 2666 but hurry as numbers are limited to 4 two bedroom units in stage 1.
