5/11 Rowan Street, Derby WA 6728

NEW FIVE-YEAR LEASE COMMENCING 12 NOVEMBER 2026

Investor's Only - An excellent opportunity to secure a well-presented 3-bedroom, 2-bathroom strata unit with an established government tenant in place.

Situated within a well-maintained complex of just six units, this property offers investors the benefit of an existing GROH tenancy, strong rental demand and the potential for an attractive rental return.

The property is currently leased to Government Regional Officers' Housing (GROH), with negotiations underway for a 6, at a proposed minimum rental of $950 per week.

The WA Government also leases other units within the complex, highlighting the property's established appeal for government accommodation.

PROPERTY FEATURES

3 spacious bedrooms with built-in robes

2 bathrooms and 2 toilets

Open-plan living and dining area

Air conditioning throughout

Well-appointed, functional kitchen

Private, low-maintenance courtyard

Secure parking for 2 vehicles

Well-established complex of only six units

TENANCY & INVESTMENT DETAILS

Existing tenant: GROH (WA Government)

Proposed rental: Minimum $950 per week

Proposed lease: New 5-year term commencing 12 November 2026

Rental increase and new lease currently under negotiation

Potential gross rental return of approximately 11.25% per annum, based on the proposed $950 weekly rental and asking price

Vacant possession is not available - investors only

PROPERTY OUTGOINGS

Shire Rates: $3,972.00 per annum

Water Rates: $1,647.78 per annum

Strata Levies: $1,783.35 per quarter

ASKING PRICE: $439,000

With established government occupancy, a proposed long-term lease and the potential for an attractive rental return, this property represents a worthwhile opportunity for investors seeking exposure to Derby's tightly held rental market.

For further information or to discuss this investment opportunity, contact:

Pete Burns - 0407 911 696
Hutchinson Real Estate - Derby WA

Please note: The proposed rental increase and new five-year lease are subject to negotiation and formal agreement with GROH. The advertised potential rental return is indicative only and is calculated before property outgoings and other expenses.