PROPERTY FOR SALE > 2444, PORT MACQUARIE, NSW, Australia
For Sale > Holiday Investment Apartments Port Macquarie Mid North Coast
Holiday Apartments For Sale Port Macqaurie
| Price: | $450,000 | ||
|---|---|---|---|
| Status: | FOR SALE | ||
| Address: | PORT MACQUARIE, 2444, NSW | ||
| Bedrooms: | 2 | Bathrooms: | 2 |
| Garage: | 1 | Pool: | 1 |
| Car Port: | - | ||
| Land Size: | - | House Size: | 112m2 |
Investing In Property Port Macquarie
Port Macquarie Real Estate
Macquarie Waters - Your style of hotel
It is a small boutique development of only 33 apartments and offers a mix of 1, 2 and 3 bedroom apartments ranging from $285,000 (plus furniture) for a 1 bedroom apartment located on level 3 to $689,000 (plus furniture) for a superbly located 3 bedroom apartment with ocean views to Point Plomer. Prices have been endorsed by licensed valuers Bruce Noble and Associates
The construction of these apartments has been completed and the developer has released the final few of his own stock to investors.
The developer is so confident in the return on this investment that he is prepared to underwrite your purchase and assure you a 6%* return in the first year.
Read on and you will learn why the return on this investment will be superior to any others in the region, and hence why your return is secure. So if you buy an apartment in this complex you will be paid a gross rental return of 6%* for the first year. And, on the most affordable one bedroom apartments, this return will mean the investment is narrowly cash flow positive (after tax) for the first year for middle-income tax payers.
The larger apartments, and the ones on the ocean side of the building with abundant water views have after tax cash flows that are narrowly negative for middle income tax payers.
Beyond the first year the managers expect returns around this level to be naturally generated by the property in its own right -more on this later, but they are prepared to put their money where their mouth is and underwrite it in the first year, meaning that, should your investment dip below 6% returns at any stage, they will chip in the difference, and pay you this amount every month; you won't have to wait until the end of the year.
What's more, the starting price of the one bedroom apartments in this building is only $285,000 (plus a furniture package of $19,000). This will buy you a 64m2 (including balcony) brand new apartment in one of the best buildings in Port Macquarie. We invite you to compare this to the price of similar sized brand new one bedroom apartments in any capital city or regional centre -you will find it to be very good value.
For tourists, Port Macquarie is a unique coastal town only four hours drive north of Sydney on the NSW mid-north coast, making it ideal as an overnight stopover or holiday destination.
As roads and air services progressively improve, many more tourists from Sydney and Newcastle have fallen in love with 'Port', firstly as a holiday resort, then upgrading to a beach home and later permanently moving to live in one of Australia's most relaxed and temperate environments.
The Port Macquarie region now boasts a permanent population of approx 70,000, swelling to around 120,000 in peak holiday periods, and with its current strong rate of growth, this will grow to over 95,000 within 15 years. The population trend from 'city to sea' is well known across Australia. The majority of units now being built in Port Macquarie are for owner-occupiers, locals, but most for people from other parts of the state.
What does all this mean? Simple, it's supply and demand. There are no more sites like this and there is a rapidly growing demand. Therefore the long-term trend for prices has to be upward. This is why you will achieve capital growth over time.
The infrastructure and facilities of Port Macquarie as a tourist destination are second to none:
Eight sandy beaches (three patrolled)
Two major river systems
Two major shopping centres
A well developed and expanding CBD
Private and public schools
A wide choice of restaurants and cafes
Coastal walks and cycle ways
All sporting facilities
Golf and bowling clubs
Licensed clubs and hotels
Macquarie Waters has the highly desirable resort style facilities including on-site management, an immensely popular restaurant The Corner recently voted 'Best New Restaurant' on the mid north coast, heated pool, spa, BBQ area, roof-top observatory with water views and a unique 'Dive In Theatre' - yes you can watch a movie while relaxing in the pool!
Most apartments have the preferred 'dual key' configuration and can be let as either 2 or 3 bedroom apartments or as two separate units. This gives far greater letting flexibility allowing the manager to improve the occupancy levels and increase income to apartment owners.
Dual key also means you can stay in one side of your apartment and still derive an income from the other, an ideal combination of holiday and investment.
These apartments have been designed for relaxed living with generous living areas and many with over sized balconies (up to 28msq). An average 2 - bedroom apartment is 90msq in area plus balconies that average 22msq. 3 bedroom apartments average 114msq internally with huge balconies averaging 36msq. All 3 bedroom apartments have two car parks while many also have a bonus storage area.
Security is an integral part of the Macquarie Waters complex, with secure entry and undercover parking, and most importantly, with full on-site management.
The occupancy rates and tariffs for the property are based on advice from the onsite managers experience, local agents and the council's tourism office. The manager will adjust the letting pattern to achieve the best results for investors taking account of the demand and availability of accommodation.
The Management
The developer has made an ongoing commitment to investors in Macquarie Waters by purchasing the management rights. Many developers sell the units they develop and then move on. They are committed to attracting the greatest numbers of guests to stay at Macquarie Waters to ensure that investors/owners and the managers get maximum returns.
Holidays
You can use your holiday apartment in Port Macquarie as much as you like. There are no restrictions on how long you can stay or when. However you will need to be organised enough to book far enough in advance so that your apartment is actually available. Macquarie Waters, having recently opened, has long-term advance bookings and repeat customers already. If you have fallen in love with Port Macquarie, you might want to think about your investment property's future as a retirement destination, or semi-retirement destination for part of the year.
Now is the time to invest in a prime beach/town location such as Macquarie Waters. You will have an appreciating asset, a source of regular and increasing income, a fantastic holiday destination and one that will give you 'pride of ownership' that comes only with an astute investment such as this.
Financials emailed on request
Inspection by appointment only- call 1300 662 768
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Contact Details For This Property (AD ID: A1031)
| Status: | FOR SALE |
|---|---|
| Asking Price: | $450,000 |
| Agent Name: | Craig Reimer-Madden |
| Telephone: | 1300 662 768 |
| Mobile: | 0418 840 388 |
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