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Unit

7 Carter Street RANGEWAY, WA 6530

Sold on 28 Aug 2011
  • 2 Beds
  • 1 Bath
Agents

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Unit in RANGEWAY

Close to 7% gross return and scope for improvement

  • 2 Beds
  • 1 Bath

Reasonable returns and room for improvement.
Consider the following;
Close to Geraldton CBD. (2.2kms)
8 x 2 bedroom Brick and Tile Units
Each with a small courtyard
2802 sq mts of land. (Possible expansion)
Current rentals $140 to $180 per week
All currently leased with a gross return of over $62,000
2 Units have been renovated.
Some Strata work completed.
The possibilities here are many. Either as an Investment complex to be kept as one and follow the strata process when required, continue to renovate each one, strata them and sell them off individually, or workers accommodation. At around $120,000 per Unit, can you find an alternative that offers all this?

Land:

2,802m² / 0.69 acres

Bedrooms:

2

Bathrooms:

1