Seeking Expressions of Interest to purchase the beach front Ocean Beach Motel and the adjoining land with apartments.
Presenting a unique opportunity to acquire both a cash flow generating going concern and prime development site.
Consisting of two adjoining properties with duel street frontages and a total land holding of 3,400sqm.
The key attributes of 123 Ocean Drive and 14 Greensell Street are as follows;
123 Ocean Drive (Ocean Beach Motel)
• 15 motel units
• Land area of 2,579sqm
• 58.31 metre frontage
• Zoned Tourism R-80
• 852sqm of gross building area
• Office/reception
• Managers unit
• Commercial laundry facilities
• Beach front location (only separated by Ocean Drive)
14 Greensell Street
• 5 one bedroom, short stay apartments
• 821sqm of land
• 29 metre frontage
• 250sqm (approx.) of gross building area
• Zoned Tourism R-80
Financial statements, building plans, development concepts and other due diligence material available on request.
For further information or to arrange an inspection please contact:
Stephen Harrison
Ray White Commercial (WA)
M: 0421 622 777
E: stephen.harrison@raywhite.com
Phil Zoiti
Ray White Commercial (WA)
M: 0419 993 656
E: phil.zoiti@raywhite.com