OWN A PART OF SOUTH HEDLAND - $2300000

Description

Investor or developer be quick to grab this huge 4736m2 allotment, as the demand is high for vacant development land, due to a shortage of accommodation, in this rapidly expanding mining town. The zoning will allow the astute buyer to build 12 individual new units, subject to council approval, also already on the property are 2 side by side 3 bed x 1 brick units leased to a company for $850.00pw (each), which equals $7366.00 pcm, to offset against your mortgage. These existing properties are currently worth around $900,000 for both. The houses feature lounge, dining, tiled living area, 3 carpeted gardens with BIR's. The house is complemented by split air conditioning in the lounge and RAC units in the bedrooms. There is undercover parking for each unit and each has easy care reticulated gardens. Services have been installed to the front yard of the property for the existing units and can be continued from there to the rear development area and a large meter box has been installed to the property with 2 meters for the existing units. The property is 1km from South Hedland CBD and amongst the new living development land, with established quality executive style houses.