10 George St, Morgantown is a 12 bedroom, 6 bathroom Unit with 1 parking spaces. The property has a land size of 1822m2. While the property is not currently for sale or for rent, it was last sold in April 2024.
Presenting a rare opportunity to secure a set of six units in a fantastic position, simply stroll across the road to Town Beach and the lovely Carnarvon Fascine.All six units are currently tenanted with great tenants who keep the units in pristine condition and have indicated they are keen to stay.Current rental returns per week combined: $1,745.00The Units:There are six brick veneer units in total, all units are two-bedroom, one bathroom. Comprising of neat kitchen, lounge/dining and bathrooms with vanity and shower. They are all tiled throughout with air conditioning. Some of the units have a small room at the rear - great for extra storage. All units have an electric hot water system in good working order. With small front gardens and rear gardens.Three of the units present on the George Street side, with the other three units presenting on Norton Way, each with its own frontage.There is ample car parking space on the 1822m2 block. The Location:Set in a prime position with one frontage on George Street and one frontage on Norton Way. The property is located within easy walking distance to Woolworths, Carnarvon Boulevarde, Carnarvon Medical Centre, GMF Units and the Carnarvon Daycare Centre. Stroll across the road to Town Beach, Kids Playground, Kiosk Cafe and the beautiful Carnarvon Fascine.The Options:Four of the tenants are on fixed rental tenancies, two tenants are on periodical tenancies. There are options to increase the rent with newly fixed tenancies.The units are al currently in good condition, this would be a perfect location for re-development and new buildings in the distant future.Inspections: As all units are tenanted, we have arranged for set access times for viewings throughout the campaign period. Please call Lauren on 0439 689 089 to register your interest in a viewing.Property features:- Brick veneer construction- Tin roof- Six - two-bedroom, one-bathroom units- Combined lounge and dining- Neatly tiled bathrooms- Electric hot water systems- Ample car parking space- Two big frontages - each 29.8m2- Deep sewered- Zoned R35- Total land area: 1,822m2- Walk to the beach- Walk to town centre- Water Rates Approx: $6,683.68- Shire Rates Approx: $9,472.43 More Information:For further information, copies of documents and leases please call Lauren to have the information emailed.
The size of Morgantown is approximately 1.4 square kilometres. There are 4 parks, covering nearly 4.8% of the total area. The population of Morgantown in 2016 was 785 people. By 2021 the population was 774 showing a population decline of 1.4% in the area during that time. The predominant age group in Morgantown is 20-29 years. Households in Morgantown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Morgantown work in a professional occupation.In 2021, 44.50% of the homes in Morgantown were owner-occupied compared with 43.00% in 2016.
Morgantown has 391 properties. Over the last 5 years, Houses in Morgantown have seen a 79.16% increase in median value, while Units have seen a 78.74% increase. As at 30 June 2026:
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