What is your criteria for an investment property? All of us have different needs and if you like a set-and-forget type of property, this is a fantastic example!
• Impressive 3 bedroom, 2 bathroom apartment that faces the museum
• Part of the Mantra Group
• Leased by the Mantra since it was built and the current lease runs until 17th August 2023, plus a 5 year option.
• Net rent of over $31,000 per year regardless of occupancy
• All expenses paid by Mantra including water, sewerage, strata, and council rates
• 6% chattels replacement fund allowed for in the net return
The location is in Geraldton's premiere accommodation location, the history of excellent trade continues and the returns are there with very little input for you at all. If this sounds like your kind of investment, call Henry for details today - 0429 995 121.
As with any investment, always seek independent advice before proceeding. The information supplied here is to the best of my knowledge and given in good faith.
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