19 Kay Place, Midland, WA 6056

OFFER​ ​DEADLINE​ ​MONDAY​ ​12PM​ ​23​ ​FEB

Welcome​ ​home​ ​to​ ​this​ ​well-positioned​ ​home,​ ​close​ ​to​ ​all​ ​amenities​ ​and​ ​set​ ​on​ ​a​ ​spacious​ ​678​ ​square​ ​metre​ ​block​ ​-​ ​zoned​ ​R40​ ​-​ ​for​ ​your​ ​future​ ​needs.​ ​Filled​ ​throughout​ ​with​ ​desirable​ ​features​ ​including​ ​split-system​ ​air​ ​conditioning,​ ​ceiling​ ​fans,​ ​two​ ​large​ ​bedrooms,​ ​central​ ​kitchen​ ​area​ ​and​ ​an​ ​outdoor​ ​patio​ ​area,​ ​this​ ​property​ ​provides​ ​a​ ​practical​ ​layout​ ​and​ ​plenty​ ​of​ ​opportunity.

Property​ ​Highlights
•​ ​Total​ ​land​ ​size​ ​of​ ​approximately​ ​678​ ​square​ ​metres
•​ ​Total​ ​internal​ ​floorspace​ ​of​ ​approximately​ ​81​ ​square​ ​metres
•​ ​Originally​ ​built​ ​1946
•​ ​Tile​ ​&​ ​weatherboard​ ​build
•​ ​Parking​ ​to​ ​front​ ​with​ ​carport​ ​and​ ​drive-through​ ​access​ ​to​ ​backyard
•​ ​Large​ ​rear​ ​yard,​ ​with​ ​shed​ ​and​ ​outdoor​ ​patio
•​ ​Split-system​ ​air​ ​conditioning​ ​to​ ​living​ ​area
•​ ​Ceiling​ ​fans​ ​for​ ​a​ ​cool​ ​breeze
•​ ​Two​ ​bedrooms
•​ ​Bathroom​ ​with​ ​shower/tub​ ​combo
•​ ​Central​ ​kitchen/dining​ ​area

Zoning:
•​ ​This​ ​property​ ​is​ ​currently​ ​zoned​ ​R40
•​ ​The​ ​city​ ​council​ ​has​ ​advised​ ​that​ ​there​ ​may​ ​be​ ​subdivision​ ​ability​ ​into​ ​2​ ​lots​ ​(potentially​ ​3)​ ​subject​ ​to​ ​planning​ ​conditions​ ​and​ ​approvals
•​ ​We​ ​recommend​ ​conducting​ ​due​ ​diligence​ ​and​ ​check​ ​planning​ ​&​ ​development​ ​requirements​ ​with​ ​the​ ​city​ ​council​ ​and​ ​WAPC

Investor​ ​Summary
•​ ​This​ ​property​ ​is​ ​currently​ ​leased​ ​on​ ​a​ ​periodic​ ​basis​ ​for​ ​$330​ ​per​ ​week
•​ ​Current​ ​estimated​ ​market​ ​rent​ ​for​ ​this​ ​property​ ​is​ ​$550​ ​-​ ​$600​ ​per​ ​week
•​ ​Strong​ ​tenant​ ​demand​ ​in​ ​Midland​ ​area
•​ ​Future​ ​flexibility​ ​to​ ​renew,​ ​re-let,​ ​or​ ​owner-occupy​ ​at​ ​lease​ ​end
•​ ​A​ ​free​ ​updated​ ​rental​ ​appraisal​ ​can​ ​be​ ​provided​ ​upon​ ​readiness​ ​to​ ​re-lease​ ​to​ ​current​ ​or​ ​new​ ​tenants
•​ ​HouseSmart​ ​is​ ​active​ ​throughout​ ​Midland​ ​and​ ​surrounds​ ​and​ ​can​ ​provide​ ​high​ ​quality​ ​leasing​ ​and​ ​Property​ ​Management​ ​services​ ​throughout​ ​the​ ​course​ ​of​ ​sale​ ​and​ ​beyond​ ​Settlement.

Rates​ ​&​ ​Fees​ ​Estimation:
•​ ​Water​ ​Rates:​ ​Approximately​ ​$798.28​ ​per​ ​annum
•​ ​Council​ ​Rates:​ ​Approximately​ ​$1,763.21​ ​per​ ​annum

Location​ ​Summary
•​ ​Minutes​ ​to​ ​Midland​ ​Gate​ ​Shopping​ ​Centre
•​ ​Public​ ​transport​ ​nearby​ ​including​ ​buses​ ​and​ ​Midland​ ​Train​ ​Station
•​ ​​ ​Easy​ ​access​ ​to​ ​Great​ ​Eastern​ ​Highway
•​ ​Close​ ​to​ ​local​ ​parks​ ​and​ ​schools,​ ​including​ ​TAFE,​ ​St.​ ​Brigids'​ ​Primary,​ ​and​ ​Midvale​ ​Primary​ ​School
•​ ​Convenient​ ​access​ ​to​ ​airport​ ​and​ ​major​ ​transport​ ​links

With​ ​a​ ​secure​ ​lease​ ​already​ ​in​ ​place,​ ​this​ ​is​ ​a​ ​set-and-forget​ ​investment​ ​with​ ​immediate​ ​cash​ ​flow​ ​and​ ​flexibility​ ​at​ ​the​ ​end​ ​of​ ​the​ ​term​ ​to​ ​renew,​ ​re-let,​ ​or​ ​move​ ​in.​ ​Make​ ​the​ ​most​ ​of​ ​this​ ​large​ ​land​ ​parcel​ ​in​ ​the​ ​heart​ ​of​ ​Midland!​ ​For​ ​more​ ​information​ ​or​ ​to​ ​arrange​ ​a​ ​viewing,​ ​contact​ ​Adam​ ​Bettison​ ​on​ ​0409​ ​929​ ​128.