Attention investors! This well-presented complex of four units offers a rare chance to secure a high-yield property with steady rental income and tenants already in place.
Strategically located near local amenities, including the local Hospital and shops, this property boasts an attractive gross rental yield and reliable tenancy agreements.
Acquire a fully leased, income-generating property with a strong return on investment, as well as financial stability.
Property Overview:
The complex features a mix of two-bedroom and one-bedroom units, catering to a range of tenant needs.
• Unit 1:
o 2 Bedrooms / 1 Bathroom
o Leased to WACHS (Local Hospital)
o Rent: $460/week
• Unit 2:
o 2 Bedrooms / 1 Bathroom
o Private Tenant
o Rent: $450/week
• Unit 3:
o 1 Bedroom / 1 Bathroom
o Private Tenant
o Rent: $370/week
• Unit 4:
o 1 Bedroom / 1 Bathroom
o Leased to WACHS (Local Hospital)
o Rent: $400/week
Financial Highlights:
Income:
• Total Weekly Rent: $1,680
• Annual Rental Income: $87,360
• Asking Price: $950,000
• Gross Rental Yield: 8.92%
Outgoings:
• Council Rates: $6,288.56 (2024 to 2025)
• Water service Charge: $1,158.60 (2024 to 2025)
Features & Benefits:
• Well-Presented Complex: External was repainted in March 2024
• Updated: Two units have received a full internal repaint in 2024
• Diverse Tenant Mix: Ensuring consistent rental income.
• Low Vacancy Risk: Long-term leases in place
• Mains gas connected
• No Strata fees – as all units are on one title
Why Invest in Kalgoorlie-Boulder (Goldfields of Western Australia)
Kalgoorlie-Boulder is a thriving regional hub with a robust economy driven by mining, healthcare, and infrastructure development.
As a city with a growing population and high demand for rental properties, it offers investors stable returns and low vacancy rates. The strong mining industry ensures consistent employment opportunities, while ongoing government investments in the region further lift its appeal.
With attractive rental yields, low vacancy rates of around 1% (November 2024) and affordable property prices compared to metropolitan areas, Kalgoorlie-Boulder is a smart choice for investors seeking long-term growth and reliable income streams.
Contact Iris Haynes today at 0420 471 461 for more information or to arrange a viewing.
Don’t miss out on this outstanding investment!
Features
- Evaporative Cooling
- Courtyard
- Built-in Wardrobes
