Unit for sale
327 Warara Street,
Tom Price, WA
3 2 1
For Sale by Invitation to Offer. Ends 10th of February 2017.11 New Villa Homes & Adjoining Land (Stage 2) - Sold in one line
Rare opportunity to secure a new residential development in the Pilbara Iron Ore Capital of Tom Price, the Hub of Rio Tinto's Pilbara iron ore mining operations and on the edge of the majestic Karijini National Park. This property comprises 11 single level three bedroom two bathroom air conditioned units each with a double carport and storeroom, together with adjoining land for the future development of stage 2.
This exciting new development offers the following benefits to the astute investor:
- Existing income with the opportunity to fully lease and produce a consistent income stream from the existing 11 units with potential for growth over time
- The property is currently set up on a building strata plan, however given the civil works have been completed there is potential to convert to individual survey strata titles at a future date
- The adjoining vacant land (2800m2) is fully serviced and at the right time an additional group of units could be built, potentially doubling the income potential of the property
Quality rental properties in Tom Price are at a premium at the present time and this recently completed complex of 3 bed, 2 bath Units has been well finished with quality fixtures and fittings including air conditioning, built in robes and exceptional kitchens with modern appliances.
Each Unit comprises an average liveable space of 105m2 with generous living zones and outside courtyard areas (varying depending on location within the complex).
They are well built, well insulated and have landscaped and reticulated gardens, offer new property depreciation allowances and low maintenance and provide the astute investor with the opportunity to produce a consistent financial return with plenty of growth potential over time.
Inspections by appointment. Please note that offers close on 10/02/2017.
Phone David Hipworth of LJ Hooker Pilbara on 0419 510 390 for all viewings and information.
Last updated: 09:14PM on Sep 16th 2017