Located 500m to the waters edge and rarely do these opportunities come along so close to the ocean on a 2203m2 parcel of land.
8 x 2 bedroom / 1 bathroom units with an annual combined gross rental of $96,500 all on 3 titles.
No individual strata fees and only 1 set of rates.
One owner for the last 55 years now this fantastic location and opportunity could be yours.
Currently managed by Chalk Property you can sit and collect , renovate and increase your returns or hold and develop.
With subdivision potential or an increased dwelling development you still collect a generous ROI while you decide the properties future.
This location is to die for and with the recent Foreshore Upgrades, News of the Rockingham Hotel Site sold to big Developers and the recent AUKUS announcement of $8 billion funding for HMAS Stirling and 3000 new jobs, and the rapidly evolving Kwinana Industrial Area that will see 4 Lithium Plants, Waste To Energy Plant, Proposed Hydrogen Plant and the Proposed new Outer Harbour, Rockingham is poised to see growth and investment of a Global Scale making now the time to secure your dream.
Develop or renovate or just leave as is and collect your ROI.
• Development Potential
• Fantastic Gross Rental Return
* Excellent Location
For more information please call Rob McGavin now.
