If you are looking for an investment property with a market leading return, a long govt lease and a solid rental history - look no further. This exec 4x2 home has been leased to WA Government since 2008 and has a current lease term until 2028.
Changes in circumstances mean the owner must sell, and offers from $599,000 are invited for a limited time.
The opportunity offers an impressive return. The current rent of $1100 per week, equates to a 9.55% gross return if purchased for $599,000. Similar properties have been selling last 6 months at between 7.5% and 8.5% ROI, or $600,000 to $660,000, although most of them have a larger land area than this one. Accordingly, we expect this to receive offers above $599,000. See attached links to Comparative Analysis and full photo set from 27/02/2025 below.
The home has been professionally managed since new, is well maintained and in good condition with recent upgrades including new security doors and a new oven within the last 12 months.
Tiled throughout with split-system air conditioning and ceiling fans for comfort in the Kimberley climate, the home features neutral tones, modern finishes, and a practical layout with a spacious open-plan living area, well-appointed kitchen, and covered outdoor entertainment area, all of which support its ongoing viability as a solid residential investment.
Offers are invited for a limited time, so express your interest today.
Features
- Air Conditioning
- Outdoor Entertainment Area
- Built-in Wardrobes
