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23 Ridley Road, Woorree WA 6530

Sold price: $470,000 Sold: 26 Jul 2021
Sold
  • 3 Bedrooms
  • 1 Bathroom
  • 6 Cars
  • Landsize 4,000m2
House

Long Lease With 7-8% Net Return

23 Ridley Road is a unique opportunity to purchase a residential property with a very secure long term lease. The lease is with the Midwest Cat Shelter and is in place until 13th March 2026 with another 5-year option. Not only is this an attractive investment from a return point of view, but it is also great value for what is on offer if you ever decide to make it a home for yourself one day. The lease includes a substantial residence and the infrastructure that houses the Midwest Cat Shelter and Catopia (http://catopia.com.au/).

The buildings used for the cattery are exceptional and cover approximately 300 m2 over the two structures and include reception, workshop, ablutions, solar panels and everything to make this the only place in town to bring your cat!

The home is a spacious double brick with 3 decent sized bedrooms, 1 bathroom, office, separate lounge, open living area, good sized patio and carport. Outside is a great looking yard with beautiful big trees and a delightful below-ground pool.

Can you find another investment with such a great return and that offers real value for money for the property itself regardless of the lease?

Property features

  • Below ground pool  
  • Air conditioned  
  • Garages 6
  • Toilets 2

Property snapshot by reiwa.com

This property at 23 Ridley Road, Woorree is a three bedroom, one bathroom house sold by Team Van Tiel at Ray White Geraldton Dongara on 26 Jul 2021.

Looking to buy a similar property in the area? View other three bedroom properties for sale in Woorree or see other recently sold properties in Woorree.

Cost breakdown

  • Council rates: $3,230 / year
  • Water rates: $272 / year

Nearby schools

2.4km
Geraldton Christian College
  • Combined
  • Non-government
3.8km
Rangeway Primary School
  • Primary
  • Government
4.0km
Allendale Primary School
  • Primary
  • Government
Disclaimer

Woorree overview

Are you interested in buying, renting or investing in Woorree? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.

To provide an understanding of the kind of lifestyle Woorree offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.

Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities. 

Woorree quick stats

High end $629k
Median $548k
Low end $465k
3.9 %
Annual growth
$548k
Annual median sales price
$850pw
Annual median rental price

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FAQ's

23 Ridley Road, Woorree was sold by Henry Vantiel at Ray White Geraldton Dongara.

You can contact the agent here.

The average number of selling days in Woorree is 11 days.

The median house price in Woorree is $547,500.
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