4/166 De Witt Road, Stove Hill WA 6714

$375,000.00

1 beds

1 baths

1 parking

High-Yield Investment Opportunity in the Heart of Karratha

Positioned in one of WA's most dynamic resource hubs, this well-presented one-bedroom apartment offers an exceptional opportunity for investors seeking strong returns and long-term security. With a solid rental income and quality corporate tenants already in place, this is a true set-and-forget investment.

Currently returning an impressive $1,375 per week, and with an asking price of $375,000, the property delivers a compelling approx. 9.5% net yield, a rare find in today's market.

Leased to OSA helicopter pilots and engineers, the apartment benefits from reliable, long-term occupants, with lease agreements secured through to June 2028, providing peace of mind and consistent cash flow.

Property Features:

Long-term corporate tenancy in place
Secure lease through to June 2029
Recently refreshed with minor upgrades completed
Professionally managed with onsite management
Low-maintenance, investor-friendly asset

Investment Highlights:

Strong rental return of $1,375 per week
High net yield of approximately 9.9%
Backed by major industry drivers including Woodside, Chevron & Santos
Located in a high-demand rental market

Whether you're expanding your portfolio or entering the investment market, this is a standout opportunity to secure a high-performing asset in a tightly held location.

Opportunities like this in Karratha are rare and highly sought-after, call Grace Reidy today on 0450 197 316 to avoid missing out.

Property Details

• Type: Unit
• Bedrooms: 1
• Bathrooms: 1
• Garage Spaces: 1
• Building Area: 50 m² (approx)
• Land Area: 73 m² (approx)

Features

• Secure Parking
• Air Conditioning
• Pool (In-Ground)
• Outdoor Entertainment Area
• Dishwasher
• Gym

• Other features: 0