1-10/23 Fathom Street, Narrogin WA 6312
High $1 millions
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20 Bedrooms
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10 Bathrooms
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20 Cars
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Landsize 2,175m2
Unit
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Safe as houses.... 10 of them!
Tired of volatile returns on the share market?
Want better returns than a bank deposit?
Preparing for the eventual share market downturn and want something a bit more secure?
Want to house your workforce without paying huge sums in weekly rent?
Well you're in luck because you can secure 10 fully leased two bedroom apartments which should solve all these problems.
Current rental return: $153,140 (with inbuilt 12 monthly rental increases)
Rental estimate if rented at current rate: Approximately $170,000
Low outgoings.
Site area: 2,175sqm (approx)
Zoning: R12.5
Situated approximately 190km South East of Perth, Narrogin Is a positive growth town with a thriving community in the Southern Wheatbelt region of WA. As a central hub for the region Narrogin provides a number of key community infrastructure assets. These include the Narrogin Regional Hospital, 3 independent primary schools, a high school, TAFE and agricultural college with boarding facilities. Numerous industrial, retail, financial and commercial business call Narrogin home including professional medical services, major banks and child care institutions. The local recreation centre with indoor heated pool and quality sporting fields ensures the sporting community is well catered for.
Call now to secure this fantastic investment.
Property features
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Garages
20
Property snapshot by reiwa.com
This property at 1-10/23 Fathom Street, Narrogin is a twenty bedroom, ten bathroom unit listed for sale by Scott Banister-Jones at Scott BJ Properties.
For more information about Narrogin, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Narrogin profile page.
If you would like to get in touch with Scott Banister-Jones regarding 1-10/23 Fathom Street, Narrogin, please call 0438 933 634 or contact the agent via email.
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Narrogin overview
The townsite of Narrogin is located in the great southern agricultural region, 192 km south east of Perth and 32 km east north east of Williams. It is located on the Great Southern Railway, and when this line was opened in 1889, Narrogin was one of the original stopping places. The railway line was a private line, and the Company that built the line declared a private townsite here in 1891. The railway was purchased by the Government in 1896, and in 1897 Narrogin was gazetted as a government townsite.
Narrogin is an Aboriginal name, having been first recorded as "Narroging" for a pool in this area in 1869. The meaning of the name is uncertain, various sources recording it as "bat camp", "plenty of everything" or derived from "gnargagin" which means "place of water".
Narrogin quick stats
High end
$355k
Median
$260k
Low end
$208k
13.0 %
Annual growth
$260k
Annual median sales price
N/A
Annual median rental price
