Rio homes for sale

Pilbara News - - Business - Pe­ter de Krui­jff

■ Min­ing gi­ant Rio Tinto has put a prop­erty port­fo­lio of va­cant town­houses and apart­ments in Kar­ratha and Dampier on the mar­ket.

The 84 group hous­ing de­vel­op­ments, spread over four sites in Dampier, to­talling 48 two and three-bed­room apart­ments, and one in Kar­ratha of 36 two-bed­room town­houses, are be­ing sold as one com­plex by LJ Hooker.

The Dampier block sizes are about 3500sqm each while the Kar­ratha lot is about 11,500sqm.

The fa­cil­i­ties were once home to Rio’s res­i­den­tial and a few con­tract­ing staff.

A Rio Tinto spokes­woman said the flats were dated in de­sign and lay­out and in re­cent years com­pany poli­cies had al­lowed staff to re­ceive rent sup­port on the open rental mar­ket.

“Rio Tinto has com­menced a pro­gram to sell our va­cant and out-of-ser­vice older houses, flats and town­houses which are now sur­plus to our busi­ness re­quire­ments,” she said.

“Th­ese planned sales are part of a longer-term plan fol­low­ing our port­fo­lio re­newal pro­gram cov­er­ing our ex­ten­sive ac­com­mo­da­tion hold­ings in the Pil­bara.

“The sale of th­ese prop­er­ties will be con­ducted via nom­i­nated agents and con­ducted in a mea­sured fash­ion over the next sev­eral years to min­imise im­pact on the hous­ing mar­ket.” LJ Hooker Com­mer­cial Perth’s Vin­cent Si­cil­iano said there was a sur­plus of land on the free­hold sites.

“The apart­ments and town­houses are wholly owned and sep­a­rately strata-ti­tled and could be in­di­vid­u­ally re­fur­bished and repo­si­tioned to on-sell or lease, cater­ing for the de­mand for higher-grade ac­com­mo­da­tion in the re­gion,” he said.

Kar­ratha and Dis­tricts Cham­ber of Com­merce and Industry chief ex­ec­u­tive John Lally said some of the older blocks needed a lot of work.

He said it would be good if some­one came in and re­de­vel­oped them.

Of­fers to buy close on De­cem­ber 4.

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