18 Edgar offers developers and Investors alike the ability to acquire a property that generates a very good income, good rental growth prospects with market rent review every 6 months along with the flexibility of not being constrained by a long term lease.

Original Lease Terms: 17/10/2008 to 16/10/2011
Renewal lease Terms: nil
Lease Details: Government Dept- WA Country Health
Rent Review Due: Shall take effect on the 23/10/2010 to $9966.66 per month ($2300.00 per week).
Annual income from market review = $119,600

The property is situated in the heart of the Port Hedland CBD and would be ideal for either an Investor looking to purchase a property with a high earning capacity or a developer looking for a site with a good holding income whilst applying for development approvals over the remaining year on the existing lease in place.

The property is currently leased to a large organization in town on a three year term that runs until October 2011 with a rent increase as of the 24th of October kicking in. The subject property has been used as accommodation and given its central location will be highly appealing should it become available to lease at any point in the future.

18 Edgar Street provides the opportunity for a Developer to undertake their due diligence and all of the appropriate planning measures whilst receiving a strong cash flow from the existing lease in place.

The area is under transition with some astute purchasers buying up real estate in recent times for purpose of redeveloping the sites. The Council have bee very proactive with their stance on development in and around the Port Hedland CBD making this offering an exiting opportunity.

For more information contact Michael Hales 0421 64 88 91
michael.hales@raywhite.com