7/1 Museum Place

Geraldton WA 6530

What is your criteria for an investment property or maybe you have a plan to move in one day? All of us have different needs and if you like a set and forget type of property, this is a fantastic example.- Impressive 2 bedroom, 2 bathroom apartment that faces the Museum - Owners/Tenants have use of Mantra Pool and BBQ areas.- Secure parking.- Central Geraldton near the Marina.- Part of the Mantra Group- Leased by the Mantra since it was built and the current lease runs until 17 August 2027- Net rent of over $26,000 net per year regardless of occupancy- All expenses paid by Mantra including water, sewerage, strata, and council rates- 6% chattels replacement fund allowed for in the net return. ($138 per month held back from net rent)The location is fantastic, the history of excellent trade continues and the returns are there with very little input for you at all. If this sounds like your kind of investment, call Henry van Tiel on 0429 995 121 for details today. If you would like to move in and live in the Marina area, you will need to wait until the new agreement comes up to opt out. A great price entry point into a very sought after location though.Like an appraisal on your property then please call Team Van Tiel on 0429 995 121 and let our family help yours.*As with any investment, always seek independent advice before proceeding. Please be advised that this information has been supplied to the best of the agent's knowledge however, it is always advisable for you to complete your own research and due diligence in these matters.