3 Corbet Place, South Hedland

This astute investment offers STRONG CASH FLOW, DEPRECIATION BENEFITS & the opportunity to RETAIN AND DEVELOP! Here lies an opportunity for the savvy investor who is searching for the ideal block! Upon the implementation of TOPH Scheme Amendment 51, this property is located in the proposed zone to change from a zoning of R20 to R30. With the options to retain the existing property and add a granny flat / transportable dwelling OR Under the WA Design Codes of Australia this block allows for the possible construction of multiple dwellings! Investor Details: - Existing 24 month Corporate Lease till 31/10/2013 - Achievable rental at the next rent review to potential $2000pw / $104,000PA / 11.62% ROI - FULLY RENOVATED - Depreciation benefits available - Large 940m2 Sized Block Renovated with a modern contemporary finish, coupled with fresh vibrant fittings & fixtures this investment makes for a very desirable rental property .This property offers a large rear entertaining area with reticulated gardens to the front, double side access to the rear of the property for boats, cars & caravans. Situated in a great location just walking distance to the South Hedland Town Centre Re-Development and New Hospital site, this investment offers it all - Positive Cash Flow, Depreciation & Future Development Benefits! PLEASE NOTE: All developments are subject to TOPH & Local planning scheme approvals. Buyers must make their own investigations into the development potential of the site which is subject to the scheme amendment through the Town of Port Hedland Planning department & Council requirements. CALL TODAY to discuss how this property is best suited to you! Call Michelle Grimes - 0408 955 468 / 9172 5300