8 Herbert Street
Wandina, WA 6530

Overview

Wandina gem with long lease in place

This property at 8 Herbert Street in Wandina offers a unique investment opportunity with a long secure government lease in place. The home is priced well below replacement cost, making it an attractive option for investors seeking a reliable income stream.

• Constructed in 2014 with durable double brick and tin materials.
• Situated on a 686 square meter corner block featuring a fully fenced backyard, providing privacy and security.
• Includes excellent side access suitable for additional vehicles.
• The residence comprises four spacious bedrooms and two bathrooms.
• All bedrooms are generously sized to accommodate queen or double beds and come with built-in robes and carpeting.
• Ducted air conditioning is installed throughout the home, ensuring comfort in all seasons.
• The main bedroom boasts a walk-in robe and an ensuite bathroom equipped with a shower, double vanity, and toilet.
• A large open theatre room offers a dedicated space for entertainment and relaxation.
• The kitchen, dining, and living areas are designed with an open plan layout, creating a spacious and inviting atmosphere.
• The kitchen features a 900mm oven, gas cooktop, and dishwasher, catering to all cooking needs.
• The second bathroom includes a separate shower, bath, and vanity for convenience.
• A laundry area is provided with a linen cupboard for additional storage.
• The property includes a decent-sized alfresco area at the back, ideal for outdoor dining and gatherings.
• A garden shed is available for storage of tools and equipment.
• The front double garage has internal access to the home, enhancing security and ease of use.
• Annual water rates are approximately $1,603, and city rates are around $3,450.
• The property is currently tenanted under a GROH Housing agreement (Police) at $700 per week, with the lease running until 23rd November 2026 and a 12-month option available to the tenant.
• Note that the images in the advertisement are older, and the yard and lawn conditions have changed; a current video clip is available upon request.
• Council rates are approximately $3,460 per annum.
• Water rates are approximately $1,603 per annum.

Wandina is a highly sought-after suburb known for its family-friendly environment, abundant parks, and walking paths. It offers excellent amenities including a primary school and shopping center, all within a short 10-minute drive to Geraldton's center and less than 5 minutes to the beach. The area predominantly features modern homes on reasonably sized residential lots, with convenient bus services to all Geraldton schools.

This property represents a solid investment in a popular location with secure tenancy and quality construction.

Location