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Palm Apartments, 75 Bradford Street Whyalla, SA 5600



Palm Apartments, 75 Bradford Street
Whyalla, SA 5600

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Land area

0.75ha (1.85 acres)

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Tenure type

Tenanted Investment

Sold on

13 May 2008

Investment Goldmine

Palm Apartments provides a mix of serviced and long term accommodation to mining companies, associated industries and the local population.

• Capitalise on the SA mining boom

• 48 one and two bedroom apartments in four buildings

• Occupancy rate of 96% in 2006/2007

• Estimated net profit for Year End 2006/2007 of $427,000

• Further development/strata titling potential

• Site area of 7,500sqm approximately

• Frontage to three streets

• 56 car parks including open, covered and 12 secure garages

• Offered on a WIWO basis

One quarter of the 48 units have been upgraded, the balance refurbished and the grounds landscaped to deliver a contemporary finish and an exceptional opportunity for the astute investor.

Whyalla is one of SA's largest cities with a population of around 21,000 people. The growth of Whyalla has been mainly due to the strong commitment to the mining and resource industry with BHP and OneSteel injecting considerable capital into this gulf city.

The OneSteel Project Magnet is expected to deliver $1.5 billion in exports.
Site Area: 7500 m2

Additional information

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Property ID: 5319849Last Updated: 4 Dec 2013

0412 *** ***
Palm Apartments, 75 Bradford Street
Whyalla, SA 5600

Agency contacts

Colliers International - Adelaide (RLA 204)

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Colliers International - Adelaide (RLA 204)

Level 9, 121 King William Street
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Alistair Mackie
Colliers International - Adelaide (RLA 204)
Palm Apartments, 75 Bradford Street Whyalla, SA 5600

I’m interested in this property. Could you please provide me with more information.

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  • Alistair Mackie

    Colliers International - Adelaide (RLA 204)
    0412 *** ***