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126 Brand Highway, Geraldton, WA 6530

126 Brand Highway, Geraldton, WA 6530

Hotel/Leisure

  • For Sale
  • UNDER CONTRACT
  • For Sale

  • Land Area
  • 0.57ha (1.40 acres) (approx)
  • Floor Area
  • 1,750 m²
  • Tenure Type
  • Vacant Possession
  • Last Updated
  • Oct 15, 2021
  • Car Spaces
  • 32
  • Zoning
  • Tourism R80

Additional Details


Interested in this property? Contact an Agent today

Geraldton Property Team - Geraldton

30 Chapman Road

Geraldton WA 6530

Team Sadowski/Nevill

Rare Highway Frontage Opportunity

Consisting of over 30 villa's this unique investment is available for the first time in 20 years!

The Land
* Sitting on 5,665sqm with a 60.5m frontage, this is a rare find in Tarcoola Beach
* Zoned Tourism R80
* Ample parking
* Only 200m to one of Geraldton Premier beaches
* Less than 3 kms from the CBD

The Buildings
* 31 villas in total
* 52 bedrooms & 31 bathrooms in total
* 3 different villa types - one bedroom, 2 bedroom loft & 2 bedroom single level
* Reception
* Communal laundry
* Below ground pool

Investment
* Long term tenant in place
* $150,000p/a plus rates and taxes
* Lease until August 2024
* Council rates $23,350p/a (approx.)
* Water rates $22,000p/a (approx.)

The Potential
* Renovate the existing buildings and lease out
* Strata each villa and sell separately
* Redevelop the site completely

Watch the video provided and then contact exclusive listing agents Lara, Warrick or Dave from Team Sadowski/Nevill on 0455 195 799 to inspect this bluechip investment.
"Demonstrating the difference in real estate one property at a time'


All

126 Brand Highway, Geraldton, WA 6530

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