Overview

This semi-detached 4 unit complex presents an excellent opportunity for investors. Enjoy rental income from four units instead of one, or consider it as accommodation for local workers.

• 4 Units on one title.
• Not strata titled and NO STRATA FEES.
• Large 1543m² block.
• R30 zoning.
• Two units feature 1 bedroom, a lounge, kitchen/dining/laundry, and 1 bathroom with decent-sized yards, while the other two are studio units with combined lounge and sleeping areas, kitchen/dining/laundry, and 1 bathroom, also with decent-sized yards.
• All units are separately connected and metered for power and water.
• Council rates are $6800 per annum (total for all 4 units).
• Water rates are $289 per quarter for each unit, totaling $1156 for all 4 units.
• Structural building and termite reports are available from 2023.

All units have been leased for an extended period; however, three are currently vacant as tenants have moved out, allowing a new owner to refurbish if desired. Unit D is currently leased at $300 per week on a periodic lease basis, with the tenant having been there for several years. The expected rental amounts for the other three units are around $300 per week. The rental market in Geraldton remains exceptionally tight, with very few options available at this price point.

The location on Scott Road is on the western fringe of Rangeway, with no neighbors across the road, bordering the suburb of Geraldton. This 4-unit complex is located just 2.5 km from Geraldton town center, close to shops, schools, and transport.

This is a rare chance to secure a 4-unit complex on one title at an affordable price.

*Please note that this information has been provided to the best of the agent's knowledge; however, it is advisable to conduct your own research and due diligence.

Location