Secure and Set-and-Forget Investment

**Photos shown are of Units 5 and 8**

A standout opportunity in Wonthella, 217 Sixth Street offers the chance to purchase an entire complex of 10 one-bedroom, one-bathroom units – all fully leased and providing an excellent gross return of approximately 9.48% per annum.

Centrally located and constructed from low-maintenance brick, the property is ideal for investors seeking steady cash flow and minimal upkeep. The complex is well maintained, with excellent occupancy and a strong rental history.

Highlights:

• 10 x 1-bedroom, 1-bathroom units – all fully tenanted
• The total land size approximately 2,025 m²
• Total weekly income: $2,370
• Annual rental income: $123,240
• Gross rental yield: approx. 9.48%*
• Individual unit metering
• Undercover parking and shared outdoor space
• Great location close to shops, CBD, public transport and amenities
• Leases staggered through to 2026, reducing vacancy risk
• Video walkthroughs available for all units upon request

Tenancy Breakdown:

• Rents range from $220 to $250/week
• All leases in place, with most running through to late 2025 or early 2026
• Full lease schedule available on enquiry

Outgoings:
• Council rates: approx. $18,800 p.a.*
• Water rates: approx. $12,093 p.a.*

This is a rare opportunity to secure a high-yielding, fully-tenanted investment in a strong rental market.

Contact Will McKenzie at Professionals Geraldton today to request an information pack.

Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate however may be subject to change without warning at any time and this is often out of our control. Prospective tenants & purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner or the agent and are expressly excluded from any contract.

Property ID: 1369519