1 (Lot 30) Hadda Way,
Geraldton, WA 6530
Expressions of Interest
Key property information
Fully Operational Motel on 6,115m2 of Beach Side Land, 2km from Geraldton CBD
This fully operational Motel sits on 6,115m2 of beach side land and is only a short 2km from the Geraldton CBD, presenting an outstanding opportunity for investors or owner operators to walk in to an already very profitable business and reap the rewards. The site is 'Tourism R80 Zoned' with all accommodation units currently single storey, with the exception of the Office and Managers unit - 3 bed x 2 bath -which is two storey.
The development also has an on-site laundry, linen and amenities storage room, and a garage attached to Managers unit for car and general Motel storage. Gardens are reticulated and water provided by the onsite bore. Guest amenities include swimming pool, large undercover outdoor area with 2 BBQ's, playground and grassed area, plus ample parking. High speed NBN WIFI and Smart TV's add to the appeal to guests.
Geraldton's Ocean West is very popular for all levels of tourism, as is can provide fully self-contained accommodation for combinations of 1, 2, 3 & 4 bedroom units, and offers long stay rates for Government Departments and Corporates. With repeat guests one of the highest percentage of business, the offering here has proven to impress. Buildings are 17 Strata titled properties on site, brick and tile, built 1993, with ample space for parking caravans, trucks and buses.
The stunning location is directly opposite the coastal reserve and beaches known locally as 'Back Beach' which has formal car parking and is accessible via footpaths. This connection extends further to additional beach accesses, surf lifesaving club facilities, playground and recreational open space. A neighbourhood centre is progressively being developed approximately 1km from the subject land on Brand Highway with a service station and takeaway food outlets. Geraldton's Ocean West also provides good vehicular and bicycle access from the major transport routes of Brand Highway and Willcock Link (via Willcock Drive).
Preliminary concept designs have been obtained from Architects to explore the potential for redevelopment.
The owners are seeking Expressions of Interest from potential buyers with IM available for viewing on request to qualified buyers to assist with independent due diligence.
Formal offers to Purchase are Invited.
Offer documentation will be available from the selling agents upon request.
To facilitate the consideration of offers, parties should address (at a minimum) the below listed criteria in any offer submitted;
• Buyer Entity
• Purchase Price (exclusive of GST)
• Deposit amount & timing for balance of payment Special Conditions (if any)
• Conveyancers/Settlement Agents
Phil Sorgiovanni - 0419 568 2..., firstname.lastname@example.org
Minnie Reynolds - 0455 888 540, email@example.com
Property ID: 503879882Last Updated: 29 Dec 2021