23 Sharpe Avenue Pegs Creek WA 6714

Pelago West is Finbars first release of luxury apartments in Karratha in the very exciting mining boom region of the Pilbara.

Pelago West is Karrathas first luxury high rise building. Now constructed at the end of Sharpe Avenue, which is Karrathas main street and is only 5 minutes walk to the central shopping precinct.

VACANT UNFURNISHED RENT RETURNS

The local agents advise us that a fair and reasonable rent return for the apartments would be a one bed around $1,000 pw, a two bed around $1,400 pw and a three bed around $1,700 pw. These estimates are based on a long term unfurnished rentals at normal management fees of 8.5% plus GST. They are of course only estimates and are subject to market conditions .

FULLY FURNISHED PRE-LEASED TO ( CORPORATE HOUSING ) AT 9 % NET RETURN

a number of two bed, two bath apartments have been PRE-LEASED TO A CORPORATE HOUSING COMPANY. This is a true 9% NET RETURN plus you will have all the advantages of negative gearing and depreciation. In may circumstances these will be POSITIVELY GEARED investment. Other have been leased to a international helicopter company also showing very high net returns.......fantastic investment returns !

ESTIMATED OUTGOINGS

The strata levies vary depending on apartment size. An average one bed is about $1,000 per quarter, a two bed is about $1,500 per quarter and a three bed is about $1,700 per quarter. Shire rates and water rates are not as yet truck, because the building is not complete.

I hope to hear from you very soon and I am sure you will be very excited by the potential of Pelago West, in Karratha.