5/11 Rowan Street, Derby, Wa, 6728

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.