All Topics / Help Needed! / +ve cashflow property in Gove NT

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  • Profile photo of adamwadamw
    Participant
    @adamw
    Join Date: 2005
    Post Count: 27
    March 13, 2006 - 2:34 pm

    Hi All

    I just noticed what looks to be a +ve cashflow property for sale in Gove in the NT. I haven’t checked it out myself (I live in Darwin so I have no excuse!) and don’t know the details other than:

    – It’s a 4br house with asking price $470,000
    – It is tenanted until 2007 with a 2 year option at $700 a week!
    – It was advertised in Saturdays NT News – private sale.

    Now it seems to me as though noone in their right mind would sell a property like this unless they had info that something was about to happen (mining ceasing in Gove.. I dunno?) but if anyone wants to check it out PM me and I’ll send the contact details from the ad.

    Adam

    Profile photo of bardon_2bardon_2
    Participant
    @bardon_2
    Join Date: 2004
    Post Count: 74
    March 13, 2006 - 2:43 pm

    Adam,

    There are a lot of construction workers in Gove doing a major expansion to the alumimium plant right now. The construction work will stop next year and maybe rental demand or rent will drop.

    Company I am working for are proposing to build a gas pipeline running under the Gulf all the way from Weipa to Gove to provide energy for the new Aluminum processing plant that is being built.

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