Situated on a generous 8252 sqm block, this property offers an incredible investment opportunity with an exceptional tenant already in place. Whether you're seeking a sizable landholding, a property with room to breathe, or a place that comes with an impressive shed, this property delivers it all.
The real value lies in the land, with the home and shed offering additional benefits. With a stable income stream from the tenant or the option to live in the home while planning future projects, this is a prime opportunity. The land is zoned R20, with potential for subdivision into 12 lots, subject to council approval-making this an exciting long-term prospect.
The house, built in 1935, has a vintage charm and character. The home still stands on some of its original old stumps, with the bark still intact, offering a nostalgic touch. Inside, the spacious rooms are both practical and welcoming. While the kitchen remains basic with the original meters stove, the rustic jarrah floorboards throughout add warmth and character. Recent upgrades include fresh carpet in some rooms, a fresh coat of paint, and an updated bathroom, blending modern comfort with vintage appeal.
The massive shed with a concrete slab is a standout feature, providing ample space for storage or workshop needs.
Property Details:
Proposed Lot 120
8252 sqm with 116.16 m frontage, zoned R20 (subdivision potential for 12 lots, subject to council approval)
City of Greater Geraldton council rates approx. $2,400 per annum
Water rates approx. $290 per annum
Built in 1935
Current tenancy at $280 per week, lease until 10/09/2025
This is your chance to secure a solid investment with great long-term potential. Don't miss out on this unique opportunity!
