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Another Under Offer with Dave Rowe!
Strong Returns / Unique Floorplan
Looking for a unique investment with strong corporate tenant and returns in the vicinity of 11.5%?? Well we have found the prefect property for you……….
Purpose built for the corporate leasing market this 5 bedroom 5 bathroom property is a rare find in the Newman market and offers security and growing returns to the savvy investor.
The property has had the same strong multinational corporate tenant in place for the past 5 years with the current lease due for renewal in April 2024 and a current rental income of $1200 p/w!
The layout has always proven popular with corporate tenants with each double sized bedroom having their own ensuite and with enough room for televisions it really is like the occupants have their own studio apartment.
Communal living area with large kitchen, separate powder room and laundry complete the unique practical layout.
Features include:
• 5 ensuited double sized bedrooms
• Large shared open plan living / dining
• Spacious and practical galley style kitchen
• Separate powder room off living areas
• Large shared laundry with walk in linen
• Two of the bedrooms have direct access to rear yard
• Low maintenance gardens and secure rear yard
• Double carport with plenty of extra parking
• Large storeroom under main roof off carport
• Executive location in the Kurra Estate
With a long term tenant in place, strong returns and well under replacement value this property is really a no brainer for any investment portfolio.
For further information or inspections call Dave on 0400 313 566
Disclaimer:
Crawford Realty makes every effort to ensure the information provided on this property is deemed to be correct at the time of publishing. Any referenced return on investment is a gross return and is approximate. Prospective buyers should view the property before making their decision.
Property features
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Carports
2
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Floor area
142m2
Property snapshot by reiwa.com
This property at 24 MullaMulla Street, Newman is a five bedroom, five bathroom house sold by Dave Rowe at Crawford Realty Newman on 25 Oct 2023.
Looking to buy a similar property in the area? View other five bedroom properties for sale in Newman or see other recently sold properties in Newman.
Cost breakdown
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Council rates: $2,640 / year
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Water rates: $733 / year
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Strata fees: $3,500 / quarter
Nearby schools
Newman overview
Newman is a mining company townsite in the Pilbara region, 1184 kilometres northeast of Perth. The townsite was gazetted in 1972 after the Mount Newman Mining company developed a large iron ore mine at Mount Whaleback. The townsite is named after the nearby Mount Newman, a 1055 meter high mountain in the Ophthalmia Range.
Mount Newman was named by the surveyor W F Rudall in 1896, "in honour of our late leader". Newman was Aubrey Woodward Newman, the original leader of the survey party carrying out surveys in the neighbourhood of the Ophthalmia Range in 1896. He contracted typhoid fever at Peak Hill and, too ill to continue, was later returned to Cue where he died on May 24th, 1896.
Newman quick stats
High end
$415k
Median
$323k
Low end
$249k
-2.3 %
Annual growth
$323k
Annual median sales price
$575pw
Annual median rental price
