31 Scott Road Rangeway, WA 6530

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?

• 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

Three of the units have great tenants in place and the returns are currently $280, $280 and
$300 per week. The fourth unit has been left vacant for selling purposes and will also most
likely rent for $300 per week. In total $1160 per week (with vacant unit rented), makes this
an excellent return on investment.

All rentals are currently on a periodical tenancy, however all the current tenants have
expressed interest to extend for another 12 months.
• Unit A: $280.00 per week - Periodical tenancy
• Unit B: $300.00 per week - Rental Appraisal (Currently vacant)
• Unit C: $280.00 per week - Periodical tenancy
• Unit D: $300.00 per week - Periodical tenancy

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.