13/26 Johnston Street, Geraldton WA 6530

Investment Opportunity with 7.80% GROSS ROI

Located on Johnston Street, offering unmatched convenience to schools, shops, hospitals, and more. This exceptional 2-bedroom, 1-bathroom lock and leave detached unit showcases exquisite craftsmanship, featuring premium finishes such as stone bench tops, a beautifully tiled open plan kitchen, dining, and lounge area, along with air conditioning and an abundance of natural light. The property is thoughtfully designed to provide maximum comfort and requires minimal upkeep, thanks to its fully fenced and low-maintenance features.

The current fixed term tenancy comes to an end in May 2024 so vacant possession could be available!! Conversely the most recent rental appraisal is $430-$450p/wk, that matches the current NRAS lease that is in currently in place.

What makes this investment even more enticing is its participation in the National Rent Affordability Scheme (NRAS). Currently occupied by a tenant, this property not only generates a steady income but also benefits from the NRAS incentives. By leveraging the government incentives for the financial year, the current tenancy offers an impressive rental income of equivalently $450 per week!

The advantages don't stop there. As an investor, you have the flexibility to choose how you utilize the additional financial benefit. You can opt to receive a lump sum of *$11,168, providing an immediate boost to your financial portfolio. Alternatively, you can use it as a tax offset, reducing your overall tax obligations and maximizing your returns.

Call Team McKenzie on 0473 532 307