This large 957sqm block has just become available in a prime position close to the CBD in Port Hedland. This development block will change zoning upon the completion of the infill sewage program which is on target for March 2013.
A three bedroom, one bathroom home sits on the property at the moment and is earning the sellers $78,000 per year in rent.
The lease is due for expiry in October 2012. When the zoning changes, there is an opportunity to put multiple units on this site.
Do your homework and you will see just how valuable this land.
- Three bedroom, one bathroom property in the popular West End
- Zoning change to min R30 and max R80 upon sewer connection
- Huge 957sqm block with development opportunities
- Potential multiple unit site in accommodation starved town
- Current rental is $1,500 per week
- Lease in place and due for renewal on 31 October 2012
- Rentals are in high demand in this popular location
- Flat block in a fantastic location waiting for a developer
- BHP announce the approval of the outer harbour first stage
- FMG and Atlas Iron announce they will double iron ore exports
- Town of Port Hedland announce infrastructure must support 50,000 people by year 2035
(more than double the current population)
The West End is undergoing a significant change in its street scape and building codes that will see it become a vibrant and dynamic area. This property is positioned perfectly to take advantage of the growth and infrastructure that has been recently announced for Port Hedland. It's ideally located one street from the ocean with a boardwalk that invites you to walk to all the essential amenities. Close by are schools, the newly built Yacht Club, a Shopping complex, recreation and barbecue areas and the Port Hedland Town Centre.
Call your listing agents NOW Bruce McDonald 0400 548 442 or Jason Pinner 0450 233 804.