Be Part of Carnarvon's opportunity to become the holiday destination of choice
This unique Property is situation at the point of Babbage Island, Carnarvon. The area consists of 4500sqm of Freehold Land on a green title, where a certain amount of development has taken place already.
The balance of the area consists of 2.5ha which is covered by a conditional Lease of 21 years, all conditions of the Lease are available and are transferable to a new Owner. The leased area has been developed to the extent where areas have been dredged to create land fill which is retained by Rock Bunding, this dredging has also created 2 Canals and a Channel to meet the major channel in the Fascine water way to potentially allow access to the Ocean. The retained area is suitable for further development as Tourist Accommodation, which could include Chalets, Caravan Park, Luxury Units, and all the other services that go with such a project.
Any development on the Leased area allows access to the Waterways and Creeks in the area.
Improvements
4 Permanent Units (2-Story)
Ground Level undercover outdoor area and storage Level 2 comprises of 2 Bedrooms 1 Bathroom, Open plan Living area including kitchen dining and lounge, front decking.
Income $1400.00 Per month each Unit (e.g 95% occupancy Annual Rental income $67,200.00)
Captains Quarters
Luxury House overlooking Canal sleeps 4 with all the trimmings undercover deck, large BBQ area views of the Fascine and Carnarvon town site
Income nightly rate $350.00 per night (e.g 60% occupancy rate Annual return $65,520)
Additional Seven Units
Comprising of 1 and 2 bedroom Units all being self contained, with extensive outdoor living areas
Income nightly rate $140.00 - $150.00 per night (e.g 50% occupancy rate Annual return $163,800)
Managers Residence
2 Bedroom, 1-bathroom, large living area office and reception.
All the Units are fully equipped and serviced
2 x Garden / Storage shed
Guests Laundry
This Property is zoned Tourist Accommodation under the Carnarvon Town Planning Scheme and is the only such opportunity for a Tourist Venture right on the water.
The above figures mentioned are just a reflection of what could be achieved with a total development plan for the area.
