Positioned in the established suburb of Wandina, 45 Wanderer Concourse presents a clean, low-risk investment with immediate income and a clear pathway for rental growth.
The property is currently leased to a government tenant at $650 per week, with the lease running through to November 2026. Importantly, the next rent review occurs in June 2026, allowing for an increase of up to maximum 15%, well before lease expiry. Based on a recent appraisal by our property management team, current market rent is estimated at $700 per week, highlighting near-term upside.
Built circa 2012, this modern brick and tile home offers a practical, tenant-friendly layout on a fully fenced 645m² block. The combination of strong construction, and proven rental demand underpins its appeal as a long-term hold.
The location further supports tenant retention, with shopping, schools, childcare and the Geraldton CBD all within easy reach.
Property features:
• Approx. 645m² fully fenced block
• Double brick with tile roof
• 4 bedrooms, 2 bathrooms
• Walk-in robe and ensuite to master
• Built-in robes to minor bedrooms
• Open-plan kitchen, living and dining
• Separate office/media room plus theatre
• Reverse-cycle air-conditioning to master and main living
• North-facing patio
• Double garage
• Approx. 27m² steel-frame Colorbond shed with gated side access
• Natural gas and NBN connected
Outgoings (approx.):
• Council rates: $3,400 p.a.
• Water rates: $1,603.19 p.a.
For further details, contact Will McKenzie on 0419 919 590.