Investment opportunity - $820000

Description

Port hedland is in the fore front of the minerals boom and accommodation is in very short supply. The opportunity to purchase a guest house with care takers residence will not last long. The guest house is a fully furnished 6 bedroom 3 bathroom building with a magnificent common room which has an air of mystique and the orient. Coupled with an unfurnished caretakers residence, an outdoor living area which boats a garden shed, patio and an 11 person spa, it presents a great buying opportunity. This property has the opportunity to be a great investment. This property is currently tenanted to a large contracting company on a one year lease. Lease option has a further 2 x 2 year option. This property is returning $1900.00 per week which gives a $98,800.00 per year return. This property would also be a great opportunity to redevelop when the tenancy has finished as the land size is 1012sqm with a 20 metre frontage. This property has the potential for many opportunities so be quick to view and call Serge or Tina on 0891 739 200.