Reiwa Reiwa
211-213 Sixth Street, Geraldton WA 6530

211-213 Sixth Street, Geraldton WA 6530

Sold price: $1,500,000
Sold
Sold: 03 Sep 2024

10 Bedrooms

10 Bathrooms

Landsize 2,023m2

House

Contact the agent

Jim Quinn

0512991442

Geraldton Property Team


For Sale: 10x1 Bedroom Units - Fully Renovated and Ready for Investment

This is a rare opportunity to own 10 fully renovated 1-bedroom units, all on a single title with no strata fees. Each unit has been recently upgraded with brand new kitchens, bathrooms, and flooring, offering modern comfort and style. Located in a prime area, these units are just a short distance from sporting facilities, supermarkets, Geraldton Aquarena, and the town center.

Key Features:
• 10 x 1-bedroom units, all at ground level for easy access.
• Recently renovated with new kitchens, bathrooms, flooring, plumbing and electrical. renovation expense report can be provided for depreciation purposes.
• Low-maintenance properties with a strong income potential.
• Current gross return of over 8%. with full tenancy generating $135,200 in Gross rent per annum
• Opportunity to further increase return by installing air conditioners and/or creating private backyards.
• The roof of one building has just been replaced.
• Parking is available in front of every units
• Council rates $18,600 approx PA and Water rates $3,600 approx PA

These units are perfect for investors seeking a high-return property or for a company looking to accommodate employees. Don't miss out on this ideal investment opportunity.

Contact
Call exclusive agent Jim Quinn now at 0412 991 442 for more information.


*All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should do their own due diligence.

Property features

  • Toilets 10

Cost breakdown

  • Council rates: $18,611 / year
  • Water rates: $3,600 / year

Nearby schools

Allendale Primary School Primary Government 0.3km
Geraldton Grammar School Combined Non-government 0.6km
Geraldton Flexible Learning Centre Secondary Non-government 0.7km
Rangeway Primary School Primary Government 1.5km
St Francis Xavier Primary School Primary Non-government 1.7km
St John's School Primary Non-government 2.0km
Nagle Catholic College Secondary Non-government 2.1km
Geraldton Senior High School Secondary Government 2.2km
Geraldton Primary School Primary Government 2.3km
Holland Street School Combined Specialist 2.3km

To view full details about this property, please visit reiwa.com.au
REIWA Listing #:4835527