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Lot 21, 21/ Stadium Road, Tom Price WA 6751

10 Year Lease - $78k p/y Income
Under offer
  • Landsize 888m2
Land
Lot 21, 21/ Stadium Road, Tom Price WA 6751

Leased Investment with Long Term Successful Tenant

Super Successful Business with a Captive Audience as a Tenant.

With almost 20 years of trading through the Good, the Bad and the Ugly times, this successful tenant is here to stay, and this investment gives you the rate of return you so crave, but are like Unicorns in the current market.

The current property owners are based in Perth, and the Tenant is based in Tom Price.

Please note, this is the freehold property for sale only; the tenant's thriving business has a fixed term 6 x 5-year lease to run and is only one year into their current term with the 5-year option at the end of the current period remaining.

Listing snapshot by reiwa.com

This land listing located in Tom Price has been listed for sale by Jason van Straalen at Milestone Realty Dalkeith Nedlands.

If you would like to get in touch with Jason van Straalen regarding this listing, please call 0479 088 848 or contact the agent via email.

Nearby schools

0.4km
Tom Price Primary School
  • Primary
  • Government
0.8km
Tom Price Senior High School
  • Secondary
  • Government
2.2km
Disclaimer

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 $938k
Median $820k
Low end $758k
19.7 %
Annual growth
$820k
Annual median sales price
$1,350pw
Annual median rental price

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FAQ's

The average number of selling days in Tom Price is 15 days.

The median house price in Tom Price is $820,000, the median unit price is $677,000.

Lot 21, 21/ Stadium Road, Tom Price has been viewed 654 times on reiwa.com, and has appeared 18,228 times in reiwa.com search results.

There are currently no home opens scheduled for Lot 21, 21/ Stadium Road, Tom Price.

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