Coastal Motel with Development Opportunity

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

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