63/298 Chapman Road, Beresford WA 6530

In today's challenging accommodation market in Geraldton, securing housing has never been more critical. Whether you're looking to provide lodging for your employees or seeking a lucrative, low-maintenance investment, this property offers an excellent opportunity.
Why Consider This Property?
1. Attractive Returns: With the current resort management system, the owner has achieved a pro-rata net yield of 12.48% for April 2024.
2. Flexible Use: Accommodate your own staff while adhering to short-term accommodation regulations.
3. Self-Management Option: Increase your returns by managing the property yourself, avoiding management fees.
Property Highlights:
• Comfortable Living: This one-bedroom apartment is perfect for short stays (up to 3 months), providing your staff with a comfortable environment.
• Amenities: Enjoy access to a pool, spa, and BBQ area, with the Broady Hotel that overlooks the beautiful Champion Bay just a few minutes’ walk away.
• Convenient Location: Situated close to the CBD and just a short walk from the beach.
• Functional Layout: Features a separate bedroom, open-plan kitchen/dining/living area, and a private courtyard.
Costs to Consider:
• Council Rates: Approximately $1,150 per annum.
• Water Rates: Approximately $1,450.86 per annum.
• Strata Levy: Approximately $650 per quarter.
• Utilities & Insurance: Including gas and electricity.
With such impressive returns and Geraldton's ongoing growth, this investment is too good to pass up. Don't miss out on this unique opportunity to secure high-yield accommodation or expand your business smartly.