8/429 Mount Shadforth Road SHADFORTH WA 6333

Sold $2,000,000

Beds 2
Baths 2
Land Size
3599 m2

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8/429 Mount Shadforth Road

PICTURESQUE LIFESTYLE + INVESTMENT

UNDER OFFER

This is an extremely rare opportunity to purchase a property that includes an architecturally designed premium residence, plus three income-producing chalets.

The property is located on Mt Shadforth Road, in the heart of the main tourist precinct and surrounded by wineries, restaurants, galleries, and a plethora of tourist attractions. It is uniquely positioned high on the shoulders of Mount Shadforth, with panoramic sweeping views out to the Southern Ocean, the coast and Wilson Inlet. All of this is conveniently located only 4km from the Denmark Town Centre. This fantastic parcel is within the esteemed Karri Mia Bungalows, zoned Tourist, with a very strong and positive track record. You can live in the residence full time, renting out the three chalets, or you can rent out everything for a higher return. It's up to you.

The main residence is a 2017 built, bespoke 2 bedroom, 2 bathroom, plus a third bedroom currently used as a study, with an open plan kitchen dining and lounge, windows taking in the spectacular vista back to the ocean, a huge entertaining deck with a massive swim-spa for year round enjoyment. The design of the open plan living area reflects the immediate environment, the ocean in its wave shaped timber ceilings and stunning views, regarded by many as the best views in Denmark. The home is light and bright, warm and cozy in winter and a delight through the summer months. Other attributes include 5kW solar panels, wine cellar, outdoor shower, bike and wood stores and a garden and separate storage sheds, plus under deck rainwater tanks.

Two of the Chalets are 2 bedroom, 2 bathroom configurations, with kitchen, open plan living and dining, and spacious balconies. The third chalet is a premium one bedroom one bathroom luxury studio with spa, kitchenette, gas fire and timber decking.

The tourist accommodation is managed by the onsite Managers and everything is booked through Karri Mia Bungalows, visit karrimia.com.au. On-site property management means "peace of mind", sit back and enjoy your own home and the breathtaking views across Wilson Inlet and the Southern Ocean.

The current owners live there and Karri Mia's management run their three chalets to provide a year round income from short stay accomodation.

NIGHTLY RATES:
The Studio's base rate is $230 per night.
The two Bungalows base rate is $340 per night.
These rates are variable, depending on demand and season.

NET ACCOMMODATION INCOME HISTORY:
2020/2021 $117,620
2021/2022 $123,056
2022/2023 $95,482

Lot 4 on Survey Strata plan 72562
Land: 3599sqm
Survey Strata rate $17,640 p.a
Shire Rates $3,640 p.a

I welcome your inquiry, answering all your questions, organising a viewing, and seeing how well this suits what you're looking for.

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