FOR SALE
$460,000

6/1 Museum Place
Geraldton WA 6530

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 2ha
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CBD Investment

Looking for an easy-care, low-maintenance investment property? This is one to consider, with its close proximity to the heart of Geraldton and availability to the stunning foreshore and beaches look no further.
• Impressive 2 bedroom, 2 bathroom holiday apartment
• Part of the Mantra Group
• Leased by the Mantra since it was built and the current lease has the option to run until August 2027
• All expenses paid by Mantra including water, sewerage, strata, and council rates
• 6% chattels replacement fund allowed for in the net return. ($133.92 per month held back from net rent)
A prime location with an excellent partnership with the Mantra and the returns are there with minimal input for you at all for this investment. If this opportunity is of interest, do not miss out.
Call Brett Giles from Ray White Geraldton to Register Your Interest Today!!

Property Details for 6/1 Museum Pl, Geraldton

6/1 Museum Pl, Geraldton is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a land size of 2ha. The place is currently for sale with Ray White Geraldton.

Building Type
Apartment
Land Size
2ha

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About Geraldton 6530

The size of Geraldton is approximately 4.5 square kilometres. It has 6 parks covering nearly 2.4% of total area. The population of Geraldton in 2011 was 3,461 people. By 2016 the population was 3,138 showing a population decline of 9.3% in the area during that time. The predominant age group in Geraldton is 50-59 years. Households in Geraldton are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Geraldton work in a professional occupation. In 2011, 50.5% of the homes in Geraldton were owner-occupied compared with 48.9% in 2016.

Geraldton has 2,428 properties. Over the last 5 years, Houses in Geraldton have seen a 119.83% increase in median value, while Units have seen a 61.97% increase. As at 31 August 2024:

  • The median value for Houses in Geraldton is $383,598 while the median value for Units is $299,113.
  • Houses have a median rent of $450 while Units have a median rent of $315.
There are currently 15 properties listed for sale, and 12 properties listed for rent in Geraldton on OnTheHouse. According to CoreLogic's data, 161 properties were sold in the past 12 months in Geraldton.

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Brett Giles
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Ray White Geraldton
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