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.
This property comes with an established tenant of over six years, on a lease secured through to January 2027 at $330 per week ($17,160 p.a.) - a current yield of 5.3%-5.5% at the $315,000-$325,000 offer range, well ahead of most CBD investments, with no vacancy risk, no re-letting costs, and rental income from settlement day. Should a new, quality tenancy be secured at current market rent (Approx. $360-$400 per week), yield rises to approximately 5.8%-6.6%.
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.
Comfort: two generous bedrooms, central bathroom.
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 (includes management fees, insurance, building & grounds maintenance, and water consumption)
Council Rates approx. $1,900.00 p.a
Water Rates approx. $1,229.62 p.a
Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate but may be subject to change without warning at any time, which is often out of our control. Prospective tenants and purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner or the Agent and are expressly excluded from any contract.
