This semi-detached 4 unit complex is an excellent opportunity for investors. This is not something you see every day, so why not enjoy rental income from 4 units instead of one or maybe accommodation for your workers locally?
• 4 Units on one title.
• Not strata titled and NO STRATA FEES
• Large 1543m2 block.
• R30 zoning.
• Two of the units have 1 bedroom, lounge, Kitchen/Dining/Laundry, 1 bathroom with
decent sized yards and the other two units are studio units with the lounge and
sleeping area combined, Kitchen/Dining/Laundry, 1 bathroom, also with decent size
yards.
• All units are separately connected and metered to power and scheme water.
• Council rates are $6800 per annum (Total for 4 x units).
• Water rates $289 per quarter each. $1156 (Total for 4 x units).
• Structural Building and termite reports available from 2023
All Units have previously been leased for quite some time however, 3 of them have been now left vacant as tenants move on to allow a new owner to refurbish if required. Unit D is currently leased at $300 per week on a periodical lease basis. This tenant has been in there for several years though. The expected rental amounts for the other 3 Units are around $300 per week. The rental market in Geraldton remains exceptionally tight with almost nothing available at around this level.
The location in Scott Road is on the Western fringe of Rangeway, with no neighbours across
the road, as that borders the suburb of Geraldton.This 4 unit complex is located only 2.5km
from Geraldton town centre, close to shops, schools and transport.
This is a rare chance to secure a 4-unit complex on one title, at an affordable price.
Call Henry on 0429 995 121 to view this property.
*Please be advised that this information has been supplied to the best of the agent's knowledge; however, it is always advisable for you to complete your own research and due diligence in these matters.
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