81 Hill Road DAMPIER WA 6713
$995,000

DESCRIPTION

Offered for sale for the first time ever is this group housing opportunity in the City of Karratha, located in the Pilbara region of W.A. The Pilbara remains a globally significant mining & energy region, with the city of Karratha as its hub.

Whilst broadening its economic base through joint venture investment involving State Government funding, iron ore outputs through existing mine operations remain at all-time highs.

The offering includes:
1 of 4 whole blocks of flats located in Dampier, consisting of 12 flats per block generally comprised of 8 two bedroom
and 4 three bedroom flats, and
1 entire townhouse complex in the Karratha suburb of Bulgarra, consisting of 36 two level townhouses built in
six rows each containing six individual townhouses.

All five sites are wholly owned and separately strata-titled and could be individually refurbished and repositioned to on-sell or lease,
catering for the demand for higher grade accommodation in the region.

All sites are under developed, therefore each site has surplus land which lend the investments to exceptional redevelopment
opportunities.

Opportunities include:
- Refurbish & repositioning to on-sell.
- Redevelop, realizing the additional development potential of each site.
- Upgrade and lease, catering for local demand for higher grade accommodation.
- Reposition for alternative use such as short stay / tourist accommodation.