16 Nairn Street

Bulgarra WA 6714

Offered for sale for the first time ever is this group housing opportunity in the City of Karratha, located in the Pilbara region of W.A. The Pilbara remains a globally significant mining & energy region, with the city of Karratha as its hub. Whilst broadening its economic base through joint venture investment involving State Government funding, iron ore outputs through existing mine operations remain at all-time highs.The offering includes:4 whole blocks of flats located in Dampier, consisting of 12 flats per block generally comprised of 8 two bedroomand 4 three bedroom flats, and1 entire townhouse complex in the Karratha suburb of Bulgarra, consisting of 36 two level townhouses built insix rows each containing six individual townhouses.All five sites are wholly owned and separately strata-titled and could be individually refurbished and repositioned to on-sell or lease,catering for the demand for higher grade accommodation in the region. All sites are under developed, therefore each site has surplus land which lend the investments to exceptional redevelopment opportunities.Opportunities include:- Refurbish & re positioning to on-sell.- Redevelop, realizing the additional development potential of each site.- Upgrade and lease, catering for local demand for higher grade accommodation.- Reposition for alternative use such as short stay / tourist accommodation.Disclaimer: L J Hooker Karratha takes every effort for accurate property details, buyers must rely on their own investigations. it cannot be guaranteed. Measurements quoted are approximations and are not guaranteed with the approved floor plan. Reference to a location or feature does not guarantee that feature. Prospective buyers should make their own enquiries as to the accuracy on this information in making their purchasing decision. Further enquiries are welcome.