22 Morley Way South Kalgoorlie WA 6430

Tenant in place until 2027 | No vacant possession possible | Time-bound exit strategy required | Lease yield caps price flexibility The property is locked into a fixed income stream until 2027, which removes any option for the buyer to occupy or redevelop within that period. This restricts capital growth realisation and forces the buyer to accept a tenant-determined rental return, currently estimated by Domain at $415,000. The 916m² block offers long-term subdivision or redevelopment optionality, but only once vacant. For a buyer seeking stable cash flow without immediate plans to transact, this works; for anyone wanting a renovate-and-sell or owner-occupancy timeline, the lease becomes a liability. What is competitively strong is the size of the land-916m² on a suburban block is rare at this price point, and the fully furnished lease attracts premium short-term rental conversions if local council permits change. The property suits an investor with a three-to-five-year hold who values secured income over flexibility. Building area is modest at 96m², so the core value sits in the dirt. Comparable sales data from the street shows 2 recent transactions and 75% owner-occupancy, suggesting stable micro-market demand. To act, confirm lease break clauses and verify if short-term rental overlays are permitted in Kalgoorlie-Boulder council zone.