Attention Investors and/or Developers
If you are an experienced investor and looking to try your hand at a small development then this is an excellent opportunity to own a large 822m2 site with an existing tenanted dwelling to provide you with a quality return prior to the development of the site. With the proposed scheme amendment 51 you are purchasing a golden opportunity with ideal timing, just look take a look at the Port Hedland West End to see the effect of rezoning and capital growth!
Location is key and this property is in an absolutely prime location on the fringe of one of South Hedland's largest residential redevelopment areas, on one of the few above average size lots that remain in that area. To put it in perspective within 500m of this property you have new properties on 400m2 lots fetching well in excess of $1 million.
The existing dwelling is a comfortable 3 bedroom, 1 bathroom aviation style home with quality tenants in place until September this year. The existing lease will cover your costs whilst you plan towards the future!
Look at the benefits:
- 820m2 Site with existing R20 zoning looking towards R30*
- Key Location
- Existing Lease
This will not last long so be quick and make an offer to secure this exceptional investment opportunity.
South Hedland is moving ahead with the Pilbara Cities redevelopment and millions of dollars' worth of new projects including the new sports and recreation centre, the town centre redevelopment and countless others under the royalties to regions programme. We are looking towards 25,000 people by 2020 and demand for 2000+ dwellings every year for the next 10 years to cater for the population growth. With average capital growth of 19.9% over the last 10 years and an incredibly tight rental market it makes sense to invest now.
Phone Jason Pinner on 0450233804 or Bruce McDonald on 0400 548 442 to discuss the opportunity in detail.
