Rio homes for sale
■ 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.