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Overview
15/137 George Road
This one-bedroom, one-bathroom apartment located on the first floor presents an excellent investment opportunity. It is currently tenanted, generating a rental income of $310 per week with the lease expiring on 2nd April 2027. The property is conveniently situated just 500 metres from major shopping centres, a short 10-minute walk to the Geraldton Central Business District, and only 2 minutes from the pristine beaches of Geraldton.
The apartment is a ground floor unit within a complex that offers car parking at the rear, providing ease of access and convenience for residents. Additionally, the property features a separate laundry area, enhancing functionality and practicality for everyday living.
Financially, the property incurs council rates of approximately $1,900 per annum and water rates of about $1,053 per annum. Strata fees are approximately $677.25 per quarter, covering the maintenance and upkeep of common areas and facilities within the complex.
This apartment is ideal for investors seeking a low-maintenance property with a reliable tenant in place, located in a sought-after area with close proximity to essential amenities and lifestyle attractions.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Beresford WA 6530
Market Insights for Beresford WA 6530
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