This unit comes with a private backyard, a tenant of six years, and a rental yield above 5%, a strong combination for investors and owner-occupiers alike.
The current tenant has been in place for over six years, on a lease locked in through to January 2027 at $330 per week. At offers above $325,000, that’s a rental yield of 5+%, well ahead of most CBD investments. No vacancy risk, no re-letting costs, income from settlement day. It’s also worth a conversation with your financial adviser about purchasing under an SMSF.
Planning to move in yourself down the track? The lease through to January 2027 lets you lock in today’s price now and settle in when it suits you.
Geraldton’s CBD is on the move too, with major projects underway and the region’s confidence at its highest point in years.
Entertaining: open plan kitchen, dining and living area, split system in the living area, neat functional kitchen, private front yard plus a generous backyard, a welcome inclusion for a unit.
Location: St Francis Xavier Primary School 550m, Stirlings Shopping Centre 1km, Geraldton CBD 1km, beach and foreshore 1.3km.
This combination of yield, tenancy history and outdoor space is well worth a look.
Enquire here for a video walkthrough plus all relevant documents and the offer form, or call Jess Wolfe on 0421 668 375 to talk through your plans.
Strata Fees: $604.75 approx. p.q
Council Rates approx. $1,900.00 p.a
Water Rates: $1,229.62 p.a
