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.
Offers Above $700,000
For further details, contact Will McKenzie on 0419 919 590.
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 & 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.
