113 Kennedy Street, South Hedland

HUGE 13.9% RETURN / DEVELOPMENT SITE / RETAIN AND SUBDIVIDE ATTENTION - developers and investors searching the northwest markets for the perfect "VALUE ADD" investment property! This 6 bedroom 2 bathroom duplex property split between two 3x1 occupancies, is securely leased with a rent increase due in November 2011 to a combined $2800/wk. Features Include: - Two separate 3X1 residences on a single title - Opportunity to strata title site for individual sales (Increased capital) - Neat and tidy, workers style accommodation - Large 1092m2 Duplex block - Secure Lock-up garage to each unit - Fully air-conditioned - Security screens This unique site is an extremely rare find on the market! Not only does it offer the astute investor a well above market return - but the opportunity to strata title / sub-divide the duplex's (subj to planning approval) and make a substantial capital gain - with similar individual properties selling around the $600k+ mark each. The property is currently leased to a national tenant until Nov 2012 at a rate of $2500/wk - with impending rent review in Nov 2011. Do not delay - this property is a great find and will go quickly!!