Attention Developers. We are entering a period of unprecedented demand for housing in Port Hedland. As the resources sector ramp up major project investment, the housing situation is becoming critical and infra-structure bottlenecks are making large-scale construction impossible. This property represents a genuine opportunity to acquire a site that will allow the development of 5 or 6 units.
There is currently an application being placed with the council to close the adjacent portion of Withnell Street extension. The new owner could then purchase half of this area making the development potential enormous.
In the interim, the existing houses on the properties are returning a very handsome income of $208,800 per annum. This would cover holding costs as design/planning and mobilization is undertaken, with the added bonus of the homes being easily removed and possibly utilized on other sites in town.
The property is ideally situated close to the Port, Nelson Point and within walking distance to the CBD, making it a blue chip site in town. The demand for housing in this location is huge and will continue for the next decade, so take advantage of this opportunity!
Phone Bruce McDonald now on 0400 548 442 to discuss your options and talk through the process.