A long term lease with huge returns to investors will put this property in the spot
light. It provides fantastic security and guaranteed rental increases making the returns for investor or developer a very attractive proposition indeed. Positioned on a huge block, the duplex pair has plenty of potential and provides a unique opportunity rarely seen in any market in Australia. Putting plenty of coin back in the pocket, you have time to ponder the future options of this solid and exciting slice of land. Do you subdivide, land bank or wait for the opportunity to develop with multiple dwellings?
*Two separate three
by one duplex brick units on huge land parcel
*Split system air conditioning throughout both units
*Overhead fans and built in robes in both units
*Unit A will be tiled replacing any worn carpet
*Unit B has tiled floors throughout
*Full secure cyclone screens to all windows on both units
*Huge 1,102 sqm block, proposed R20 zoning going to R30
*Possibility of title subdivision
*Rear pergolas and large storage sheds to both units
*Huge 13.9 per cent return; $160,000 per annum; $3,076 per week
*Security plus with five year lease and five one year options
*Local major long term company tenant
*Room for a caravan, boat and two cars on both units
Located only minutes from the South Hedland CBD and the community pool, TAFE college, $36 million multi-purpose recreation centre, cafes, hotels. This bustling town centre is currently undergoing a major expansion of commercial, lifestyle and retail buildings that will see the CBD more than double in a short space of time. Our town is about to expand at an incredible rate with our current population of 20,000 set to grow to 50,000 by the year 2035. Invest for the future
Call your listing agent NOW RICK HOCKEY 0438934093
