Rare Development Site / Possible 8 units / Enjoy the returns while you develop
This property offers purchasers a rare opportunity to secure a development site in Port Hedland 1 Street back from the beach. The existing property and land component of 869m2 are excellent value in the current Port Hedland market given its development potential, location and current R12/30 Zoning!!
Located on this lucrative block is a Fully renovated 3 Bedroom 1 Bathroom Home leased to a major company in town at $1650 p/wk until 24/3/2012 with a review on the 8/12/11 to $1850 p/wk. This will enable you to enjoy the positive cash flow returns whilst you begin your developments plans. There is also a chance this site may be upgraded to R50 in the future with TOPH plans to intensify housing density along this area of Port Hedland and the water front. This is an exclusive location to own an investment property and will be a very lucrative development site.
The existing home is fully renovated internally with stylish wooden floorboards, open plan dining & lounge room with 3 generous sized bedrooms. The kitchen & bathroom are very modern with quality appliances and the house has an additional shower and sleep out room to the back. Located 1 street back from the ocean and just down the road from the Port Hedland Yacht club and New Marina Development this site is in the most desired area of Port Hedland for future development & facilities. Can you see the potential...
Further Property Features:
- Rare Port Hedland 869m2 Development site with a R12/30 Zoning
- Room to develop the whole site or Retain & develop
- Modern 3x1 property with a secure Company lease until 24/3/2012
- Fully renovated interior with open plan dining & lounge room
- All bedrooms are a good size and with stylish wooden floorboards
- Good quality bathroom and 2nd additional shower to the back sleep out
- Excellent outdoor patio areas with ample space to the front & back
- Side access available to the property and back of the block
- Excellent 869m2 block well located & positioned for development
- 1 Street from the ocean and down the road from New Marina Development
Don't not delay in securing this fantastic development site for a fraction of the price before surrounding developments and zoning changes take effect. Seasoned Developers will see the potential in this one.
Call Hayden Crawford for further information today - 0488 070 067 / 9172 5300.