1 Lakes Crescent, South Yunderup, WA 6208, Australia

Due to COVID-19 Developer will sell 11 apartments at reduced prices. 21 apartments have been sold. Sales prove that apartments have previously sold for up to $420,000 without any trade component.

Prices range from $275,000 to $290,000 for absolute lakefront. Be quick register your interest now. 

Opportunity to purchase a fully furnished apartment with quality fixtures and fittings througout. This modern complex is only 150m to the Murray River withit's marina and local river front Jetty Bar Tavern/restaurant. The apartments come complete with swimming pool, BBQ and undercover entertaining area. Choose to purchase to rent out permanently, live in or holiday letting. 

Our beautifully appointed two bedroom apartments feature a queen bed in the Master bedroom and twin beds in the second bedroom, each with their own bathroom.

These apartments offer a comfortable sized kitchen, fully furnished with modern appliances and equipment including crokery and cutlery. The living and dining area is adjacent to the kitchen. Additional guests can be accomodated on a pull out sofa bed facility in this area.

All apartments come equipped with a washing machine and dryer and air conditioning.  Make use of the outdoor setting on the verandah and enjoy the wonderful views overlooking the lake.

Unconditional offers will be given first preference. 

All apartments are currently rented for approximately $250 per wk on a permanent or long term basis. They are also approved for holiday letting and will let for $190 - $210 per night.

Body corporate ranges from $2,688 - $3,552 per annum depending whether apartment is absolute waterfront or has lake and pool views. Sinking fund currently holds approximately $80,000 in credit. 

Caretaking and Management rights also available for $50,000 returning $51,000 P.A based on 11 apartments rented as is. There is the opportunity to expand the management to up to 32 apartments in the complex. 

After COVID -19 resumes holiday bookings can resume with 40% paid to the manager.