View
SERIOUS INVESTORS … 15 Units On 1 Title In A Secure Gated Complex
With high rental demands in the Kalgoorlie-Boulder region you can be assured of high returns and future capital gain.
Thirteen units have been refurbished with remaining two units still in progress.
Each unit features:
• 1 Bedroom with walk-in robes & ensuite
• Open plan kitchen/dining/living room
• Laundry & bathroom combined
• Rose ceiling in living room
• Furnished with electric stove, fridge, 2-seater & 3-seater sofa, TV stand, coffee table, dining table & 4 chairs, queen bed, 1 bedside table, chest of drawers
• Electric hot water system
• Reverse cycle split system air-conditioning
• Front veranda
• Private courtyard
• Single car bay
• Individual electricity meter
Outdoor features:
• Security complex with remote gate access
• Rear lane access
• 1x Garden shed
Secure leases on the units and a strong rental history offers the opportunity to receive an estimated 8.7% (approx.) return.
Information provided by the Seller:
• Unit 1, leased at $280.00 per week until 25/11/2023
• Unit 2, leased at $1,303.57 per month until 29/12/2023
• Unit 3, leased at $320.00 per week until 21/04/2023
• Unit 4, leased at $310.00 per week until 22/09/2023
• Unit 5, leased at $320,00 per week until 01/03/2024
• Unit 6, leased at $320.00 per week until 23/10/2023
• Unit 7, leased at $270.00 per week until 28/02/2024
• Unit 8, leased at $280.00 per week until 17/09/2023
• Unit 9, leased at $310.00 per week until 05/09/2023
• Unit 10, leased at $270.00 per week until 26/06/2023
• Unit 11, leased at $1,390.48 per month until 05/12/2023
• Unit 12, leased at $1,216.67 per month until 09/01/2024
• Unit 13, currently vacant
• Unit 14, leased at $320.00 per week until 15/06/2023
• Unit 15, leased at $280.00 per week until 02/01/2024
No Strata fees. 15 Units on one title. R20 zoning. 2,361sqm block (approx.)
Contact Lorna Flanagan on 0406 567 148 for more information on this unique opportunity.
Council rates $21,369.69pa
Property snapshot by reiwa.com
This property at 56 Lionel Street, South Kalgoorlie is a fifteen bedroom, fifteen bathroom apartment sold by Lorna Flanagan at John Matthew & Sons on 28 Apr 2023.
Looking to buy a similar property in the area? View other fifteen bedroom properties for sale in South Kalgoorlie or see other recently sold properties in South Kalgoorlie.
Nearby schools
South Kalgoorlie overview
Are you interested in buying, renting or investing in South Kalgoorlie? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle South Kalgoorlie 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.
South Kalgoorlie quick stats
High end
$414k
Median
$360k
Low end
$275k
12.9 %
Annual growth
$360k
Annual median sales price
$550pw
Annual median rental price