Net return of approx. $100,000pa for the next 4 years. The property is offered for immediate Sale.
Land total: 11,103sqm Investment opportunity with a potential back-up plan spread across two lots.
Located in Geraldton's Port Precinct' where land is tightly held the opportunity to gain a return but also the potential for land to hold or grow in value given lack of sizable freehold land sales and availability in the area.
The size of Beachlands is approximately 1.4 square kilometres. It has 3 parks covering nearly 4.5% of total area. The population of Beachlands in 2011 was 1,463 people. By 2016 the population was 1,430 showing a population decline of 2.3% in the area during that time. The predominant age group in Beachlands is 40-49 years. Households in Beachlands are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Beachlands work in a professional occupation. In 2011, 51.3% of the homes in Beachlands were owner-occupied compared with 56.7% in 2016.
Beachlands has 762 properties. Over the last 5 years, Houses in Beachlands have seen a 125.10% increase in median value, while Units have seen a 40.53% increase. As at 31 October 2024:
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