For Sale

7/166 De Witt Road, Stove Hill, WA, 6714

$375,000

1
1
50 m²
73 m²

Unit

7 days on the market

What's around 7/166 De Witt Road

High-Yield Investment Opportunity in the Heart of Karratha

Positioned in one of WA’s most dynamic resource hubs, this well-presented one-bedroom apartment offers an exceptional opportunity for investors seeking strong returns and long-term security. With a solid rental income and quality corporate tenants already in place, this is a true set-and-forget investment. Currently returning an impressive $1,375 per week, and with an asking price of $375,000, the property delivers a compelling approx. 9.5% net yield, a rare find in today’s market. Leased to OSA helicopter pilots and engineers, the apartment benefits from reliable, long-term occupants, with lease agreements secured through to June 2028, providing peace of mind and consistent cash flow. Property Features: Long-term corporate tenancy in place Secure lease through to June 2029 Recently refreshed with minor upgrades completed Professionally managed with onsite management Low-maintenance, investor-friendly asset Investment Highlights: Strong rental return of $1,375 per week High net yield of approximately 9.5% Backed by major industry drivers including Woodside, Chevron & Santos Located in a high-demand rental market Whether you’re expanding your portfolio or entering the investment market, this is a standout opportunity to secure a high-performing asset in a tightly held location. Opportunities like this in Karratha are rare and highly sought-after, call Grace Reidy today on 0450 197 316 to avoid missing out.

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