ATTENTION INVESTORS, this recently renovated this timber mill cottage combines the perfect mix of modern interior with a traditional timber exterior and has now been leased at $340 a week until 30 April 2019 providing an excellent return of 8.88% at the advertised price. This is a leasehold property, but what a fantastic price & return. Do not wait too long!

What a fantastic location in Dean Street with the IGA Supermarket, other shops, cafes, wine bar all virtually on your doorstep in our ever popular tourist town of Pemberton. This traditional Mill Cottage on a 785sqm lot is an absolute gem of a property.

Whether you are looking for the perfect home to live in, a great investment or somewhere to holiday in the ever popular town of Pemberton then you will be hard pressed to find better than this. These days it seems that everyone wants the hard work completed and not have to be worried about updating bathrooms and kitchens, well it has all been done for you here including having been approx 80% re-stumped.

Yes the property is a leasehold property, so what do you need to know about these popular timber cottages.
•The new Owners will be granted a new lease of 25 years with a further two options of 25 years + Shire rates.
•Once the Transfer to the new lessee has occurred, a Variation of Lease document will be lodged by the Department of Lands to change the commencement date of the lease to the date of Transfer. The new lease term will be 25 years with two further terms of 25 years, commencing on the Transfer date. We can email you a copy of the current lease and the changes that will varied into the new lease.
•The new lease will be $2,400 a year, ($1,200 every six months (payable 1 Jan and 1 July each year)
•One off document preparation and document lodgement fees are applicable (approx $646 & $168.70) to create the new lease and to be lodged.
•The cottage is within the Heritage precinct being a great example of one of a very few timber clusters of historic timber workers cottages. Grants to carry out works are available each year on a limited basis.

We suggest you get in touch as there has been plenty of interest in this renovated cottage since the price change. We look forward to showing you through!