517 Cockram Road

Lennard Brook WA 6503

TWO HOUSES. SOLID INVESTMENT OPPORTUNITY - LAND BANK WITH INCOME THIS 16 HECTARE PROPERTY WITHIN THE HEART OF GINGIN TOWN OFFERS A RARE CHANCE TO SECURE A LAND BANK INVESTMENT. WITH COMBINED RENTAL YIELD OF AROUND 4% BASED ON $700+ PER WEEK, THE PROPERTY STARTS TO LOOK LIKE AN ATTRACTIVE INVESTMENT FOR ANY PORTFOLIO. EVEN THE BANK MANAGER COULD BE INTERESTED IN THIS ONE. ON THE CORNER OF HONEYCOMB AND COCKRAM ROAD, THE PROPERTY IS ADJACENT TO SMALL RURAL LIVING BLOCKS. THERE IS POTENTIAL TO SUBDIVIDE INTO 1HA - 2HA BLOCKS, SUBJECT TO APPROVAL. THE COCKRAM RD HOUSE IS A SOLID HANDSOME 4 X 2 BRICK AND TILE HOME WITH LOUNGE, FAMILY AND OFFICE AREA WITH TWO PATIOS FRONT AND BACK. THE HONEYCOMB RD HOUSE IS A 3 BEDROOM 1 BATHROOM HARDY BOARD HOME WITH NEW TIN ROOF. THERE ARE THREE SHEDS 12X11M, 10X 10M AND 10 X 2.5M. THERE IS A BORE ON THE PROPERTY AS WELL AS SCHEME WATER ON THE NORTH EAST CORNER OF THE BLOCK. THE TOWN OF GINGIN OFFERS AN ATTRACTIVE OPTION FOR THOSE SEEKING A COUNTRY LIFESTYLE WITH EXCELLENT AMENITIES AND SPORTING FACILITIES CLOSE BY AND ONLY 40 MINUTES DRIVE TO JOONDALUP. IT IS NOT OFTEN YOU FIND A LAND BANK PROPERTY THAT ALSO OFFERS ATTRACTIVE RENTAL YIELDS WHILE YOU HOLD. THIS WOULD SUIT FARMERS LOOKING FOR AN OFF-FARM INVESTMENT OR THOSE LOOKING TO BUILD THEIR SELF MANAGED SUPER FUND. TO RECEIVE AN INFORMATION PACK CALL JACKIE SHERVINGTON ON 0419 045 783 OR EMAIL JACKIE@VNW.COM.AU EXPRESSION OF INTEREST ? ALL OFFERS TO BE PRESENTED BY 31ST MAY TO JACKIE SHERVINGTON 0419045783