41/406 Hay Street, Somerville WA 6430

SET & FORGET INVESTMENT – GOVERNMENT LEASE

Set in the tightly held suburb of Somerville, this is a smart, low-risk investment opportunity with income security already in place. Leased to GROH (Government Regional Officers’ Housing) until October 2027, the property delivers reliable rental income, strong yield and minimal management, making it ideal for investors seeking a true set-and-forget asset in the current Kalgoorlie-Boulder market.

INVESTOR ALERT
• Securely leased to GROH (Government Regional Officers’ Housing)
• Lease in place until 24 October 2027
• Current rent: $580 per week
• Approx. 8.6% gross rental yield at a purchase price of $350,000
• Rent review opportunity in October 2026
• Built-in rental security with a government-backed tenant

STRATA-MANAGED BENEFITS
• Building insurance included (contents only required)
• Common areas and security gate maintained
• Water usage for common areas included
• Pest inspection for complex included

THE INVESTOR NUMBERS
• Strata administration: $305.75 per quarter
• Reserve fund: $155.20 per quarter
• Total strata fees: $460.95 per quarter
(Total $1,843.80 for 2025/2026)
• Water rates: approx. $300 per annum
• Council rates: $2,439.52 (2025/2026)

WHY THIS STACKS UP
• Strong income supported by reliable, long-term tenancy
• Reduced vacancy risk compared to open market rentals
• Predictable outgoings with strata-managed maintenance
• Affordable strata fees at $460.95 per quarter
• Building insurance included – contents only required
• Ideal set-and-forget investment for local or interstate buyers
• Located in Somerville, a consistently strong rental pocket of Kalgoorlie-Boulder

With long-term government tenancy in place, a strong yield and minimal management required, opportunities like this are tightly held and highly sought after in the current Kalgoorlie-Boulder market.

For more information:
Contact Iris Haynes on 0420 471 461 today to secure this solid investment opportunity.