12.2% GROSS ROI GOVERNMENT LEASES - POTENTIAL INCREASES
Total current lease cashflow for these houses comes to a mouth-watering $5,600 per week or a yearly rental income of $291,000 per year, there is strong potential for the rental income to grow over the next 11 months making this an extremely interesting and exciting prospect for the Investor.
These three double storey homes are modern, low maintenance and in the highly desirable Port Hedland location, close to the popular Heddy Hotel overlooking the ocean, the racecourse and Woolworths shopping centre. Potential for subdivision with council approval provides an opportunity for a buyer to capitalise and sell the houses off separately.
• Three, four-bedroom two-bathroom executive style homes
• 8A Government lease $1,800 per week due for renewal 20/12/25
• 8B Government lease $2,000 per week due for renewal 04/01/28
• 8C Government lease $1,800 per week due for renewal 07/06/25
• Potential for leases 8A and 8C to extend and increase similar to 8B
• Quality split system air conditioning to all houses
• All houses have lovely kitchens with breakfasts bars
• Tiling to all living areas, carpet to bedrooms
• Main bedrooms have ensuites, BIRs to all bedrooms
• Main bathrooms have shower and separate tub
• All rooms have overhead ceiling fans
• All houses have balconies facing the ocean with views
• Enjoy all the conveniences in the hot spot of town
• Walk to the ocean side boardwalk, bbq area and playground
CALL RICK FOR FURTHER INFORMATION – 0438 934 093
