46 Mauger Place, South Hedland

Develop & Retain / Secure 3YR + 3YR Lease STRONG 3YR + 3YR LEASE / DUPLEX BLOCK / DEVELOP & RETAIN It's rare to find a develop and retain property with as many features as this well presented residence. Boasting a huge 1187m2 block with over 40m road frontage, this site is the ideal develop and retain opportunity for the future. The existing home offers outstanding internal and external features, whilst the site allows the potential for an additional residence with its own road frontage, subj to sub-division / strata approval. Features Inc: - Existing 3 Bed 2 bathroom home (1 Bath external) - Separate kitchen / dining - Formal lounge-room - Large BG swimming pool - Rear outdoor bar, shower, toilet - Front and rear verandas - Double lockup garage - Double Undercover carport - Large double driveway for large vehicle access. - Large Rear parking area for additional vehicles / boat - Large fully fenced yard with landscaped gardens on auto-reticulation. This impressive property has the potential to be an extremely profitable venture of the astute investor / developer. Retain the existing residence and proposer in the current market while you plan your next step in adding an additional property. The property is currently leased to a national tenant at $1500/wk through until Sep 2013, with yearly CPI Increases. From 2013 the tenants have an additional 3yr option with market review from that date. Current market rent for this property is $1800/wk. Purchase now and enjoy the benefit of a set & forget investment while you watch the market rise!!