Seaspray Beach Apartments, 81 Church Street, Dongara, WA, 6525

Knight Frank and Terry McBratney and Associates are pleased to offer for sale Seaspray Beach Apartments, 81 Church Street, Dongara.

The sale of the apartments presents an opportunity to acquire a significant freehold apartment complex with a strong trading history located on Dongara's main beach, in one of WA's premier tourist destinations.

The apartments occupy a prime location, conveniently located directly across from the pristine Seaspray Beach of Dongara. It is situated approximately 2.4 kilometres from the Dongara Town Centre and 350 kilometres north of Perth, making it easily accessible for both local and international tourists. The apartments adjoin the popular Seaspray Beach Caravan Park, offering potential synergies and an opportunity to share management.

Key Investment Highlights:

- Conveniently located with easy access to the beach, Dongara Town Centre, and Marina. The apartments offer long and short stay accommodation and enjoys a very high occupancy and trading history (Shire of Irwin is unlikely to approve any accommodation facility on the beachfront in the future, this property is a unique offering).

- A total land area of 4,778 sqm*.

- Zoning: ‘Commercial – Special Use’ under the local planning scheme No. 5, Shire of Irwin.

- Accommodation: 5x2-bedroom apartments, 5x1 bedroom apartments, 5x3 bedroom chalets, 1x1 bedroom villa, cafe plus manager's residence & swimming pool and other associated facilities.

- Approximate Net Profit: $613,209 for 2024/25 after non-cash add-backs.

- Asking Price: Offers from $6,950,000 to show 10.1% Net return.

- Growth Potential: Site allows for future staged development.

To arrange an inspection or further details, please contact the exclusive selling agents:

Tony Delich
M: 0418 926 410

Terry McBratney
M: 0408 554 444

*Approx.

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