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Lucrative Pilbara Investment $104,000 p/a Income
$104,000 p/a Income
Built for Government Regional Officer Housing (GROH) to their specifications.
GROH has remained the only tenant since it was built, and they have no intention of leaving at this stage.
The current lease is until 3rd March 2024, which will most likely be renewed for a further three years.
GROH pay for all furniture removals for their people, so there is nothing else for you to provide.
Property features
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Garages
2
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Toilets
2
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Floor area
145m2
Property snapshot by reiwa.com
This property at 4/909 Pilkena Street, Tom Price is a four bedroom, two bathroom house sold by Jason van Straalen at Milestone Realty Dalkeith Nedlands on 14 Mar 2023.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Tom Price or see other recently sold properties in Tom Price.
Cost breakdown
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Council rates: $3,096 / year
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Water rates: $1,152 / year
Nearby schools
Tom Price overview
Tom Price is an iron mining town in the Pilbara region, 1458 kilometres north northeast of Perth and 89 kilometres north of Paraburdoo. Following the discovery and development of the iron mining industry in this area in the 1960s, a private townsite named Tom Price was established by Rio Tinto Southern Pty Ltd. It was officially named Tom Price Townsite in 1967, but was not a gazetted townsite until 1985. The townsite derives its name from Mount Tom Price, a mountain in the Hamersley Range named in 1962. The name Mount Tom Price was proposed by Rio Tinto Southern Pty Ltd after the late Mr Tom Price, a colleague of theirs who was involved in iron ore negotiations with the Premier of Western Australia in 1961. Mr Price was highly regarded and played an important role in the eraly development of the iron mining industry in the Pilbara.
Tom Price quick stats
High end
$825k
Median
$650k
Low end
$538k
-2.3 %
Annual growth
$650k
Annual median sales price
$1,950pw
Annual median rental price
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