Phone Enquiry ID: 233294
An exceptional investment or development opportunity in Geraldton's thriving rental market. Two adjoining R30-zoned duplex-sized blocks are available to purchase together or separately, offering strong potential for a rooming or co-living project. (Priced per site)
Property Features
- 2 Marri Court: 825m², 17m frontage, R30 zoning
- 4 Marri Court: 863m², 18m frontage, R30 zoning
- FLAT GROUND
- Deep sewer available
- No building time limits
- Council rates: $1,094 p.a. (each)
- Water rates: $278.84 p.a. (each)
Proposed Development
- Forecasted income: $234,000pa
- Rental rate: $250pw
- 18 bedrooms total
- 6 modern kitchens & 10 bathrooms
- 18 private courtyards providing individual outdoor space
Both blocks are flat, fully serviced, and ideally positioned within a quiet cul-de-sac just 2.8km from the Geraldton CBD. A short stroll (300m) takes you to Rangeway Shopping Centre, Verita Medical, chemist, park, and fuel station, with public transport available nearby.
