124 Chapman Road, Geraldton WA 6530

$1,150,000

6 beds

4 baths

4 parking

NOW SELLING - 4 FULLY FURNISHED APARTMENTS - SUBSTANTIAL INCOME

NOW SELLING

Offered to the open market for the first time in 33 years, this exceptional property presents a rare and golden opportunity. With a proven track record as a high-income producer and an irreplaceable location, it's a true gem for savvy investors or those seeking a lucrative addition to their portfolio. Having been meticulously maintained and cherished by the current owner for over three decades, this is your chance to secure a unique and highly sought-after asset.

Located at 124 Chapman Road, Geraldton and known as the Champion Bay Apartments, this property is ideally located for short-stay accommodation. Positioned directly across from the Marina, it offers guests scenic views and convenient access to waterfront activities. Within walking distance, guests can enjoy nearby parklands for leisure and relaxation, and the Northgate Shopping Plaza is just a two-minute stroll away, offering a variety of retail, dining, and everyday necessities. This unbeatable location ensures a seamless and enjoyable experience for both leisure and business travelers.

The property has demonstrated impressive financial performance, generating $221,541 in revenue over the past 12 months, a significant increase from $182,498 in the previous year. This steady growth is attributed to rising room rates, driven by strong demand and the property's desirable location and amenities. With its proven income potential, this investment offers a relatively reliable and potentially still growing revenue stream for years to come.

If you would like further information on how the properties are currently managed and other costs associated please contact the selling agent for a confidential discussion.

THINGS YOU SHOULD KNOW

The property features four thoughtfully designed units, all held under a single title. It includes two two-bedroom units and two one-bedroom units, catering to diverse guest needs. The flexibility of the unit types ensures it appeals to families, couples, and solo travelers alike.

Built with durable brick construction, the property showcases timeless appeal and low-maintenance exteriors. Inside, the units are enhanced by polished wooden floorboards that are in excellent condition, adding warmth and elegance to the spaces. High-pitched ceilings in the main living areas create an inviting sense of openness, giving each unit a more expansive and airy feel. These thoughtful architectural details elevate the guest experience and set the property apart from standard accommodations.

Each unit is fully self-contained, featuring a private kitchen and bathroom for guest convenience. Secure undercover lock-up garages are located at the rear of the premises, ensuring vehicles are safely stored during their stay. Shared amenities include a well-kept lawn and garden area, perfect for relaxation, and a paved undercover BBQ space, offering a communal area for guests to unwind or enjoy meals outdoors.

The property's combination of an exceptional location, well-maintained interiors, and comprehensive amenities makes it a premier choice for short-stay accommodation in Geraldton. Its proximity to key attractions and practical design features ensure a comfortable and memorable experience for all guests.

INTERESTED?

For further information please contact Joel Winkley from The Agency on 0417 977 593 or email joelw@theagency.com.au to make all offers and to book all viewings. Please note that inspections are subject to availability with the properties occupancy so high viewings will need to fit in with check ins and servicing of the apartments so your patience is appreciated, we look forward to assisting you further to purchase this brilliant property.

Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.

Property Details

• Type: House
• Bedrooms: 6
• Bathrooms: 4
• Toilets: 4
• Garage Spaces: 4
• Land Area: 680 m² (approx)