VACANT POSSESSION IN JANUARY. This property has a lease in place that is due for renewal in January of next year making it positively geared and perfect for a buy and hold strategy. The added bonus is to develop the property with units at a later stage. The location is superb and central to the ever popular and highly sought after West End of town.
Do the figures and realise the potential or just sit back and enjoy the pocket money that this investment can provide knowing that you have options to develop at your disposal. Buy now while the town is taking a breather because it wont last forever.
Four bedroom two bathroom feature brick house
Leased at $1,600 per week = $83,200pa
Lease due for renewal 21/01/2016
Buy & hold with potential to develop
Fully air conditioned throughout
Tiled living areas, carpet to lounge/bedrooms
Built in 1998, built in robes, overhead fans
507sqm block with R80 zoning
Potential to develop six or more units
Fully fenced with a paved entertaining area
Outstanding location, walk to the popular Yacht Club overlooking the ocean and enjoy the views and breezes straight off the water. The food is superb and the drinks cold and refreshing. You also have the choice of variety with the nostalgic and iconic Silver Train for a feed and lattes or the newly built Dome Caf being the first to open its doors in the Pilbara. A short drive takes you to the boat ramp, banks, schools and the Port Hedland CBD.
