Experts discuss Western Australia’s industrial property market
Hundreds of people tuned in to listen to the 25th edition of RWC’s Between the Lines webinar today, where our panel of experts discussed Western Australia’s industrial market.
EXPRESSIONS of interest are being sought for the incredibly rare opportunity to purchase an entire park operation at Nanga Bay Resort, Shark Bay.
The 24.9ha* site is located 70* kilometres south east of Denham townsite and is also 767* kilometres north west of Perth.
The asset is being jointly marketed by Ray White Commercial WA’s Brett Wilkins and Phil Zoiti.
Mr Wilkins said Nanga Bay presents investors with the opportunity to purchase a site that provides the foundations for a great business.
“This really is 25ha of paradise. With an absolute beachfront, the asset is a major tourism driver for the Shark Bay region,” he said.
“This is a one-off freehold landholding with nearly 1km of beachfront in the Shark Bay World Heritage precinct.
“The site is located in a highly sought-after tourism sector in the northern part of Western Australia, with limited opportunities ever brought to market in this area.
“Despite being a well-established resort and caravan park, the opportunity to further increase the performance of the business in the short-term is there for all to see.
“There have already been thorough refurbishments and exciting improvements to the resort, but astute investors will see the considerable vacant land and further redevelopment opportunities as real medium to long term potential.”
Mr Zoiti said the significant improvements made on the site as well as accessibility are both extra draw cards for potential buyers.
“The transformation of this resort has been remarkable with 24 country-style motel rooms, beach-view villas, fisherman’s huts and cabins all available for travelers,” he said.
“The 15-room backpacker facility will appeal to the younger generation and the 38 powered and 33 unpowered caravan sites will tempt the road trip traveler.
“There are also cedar wood cabins, central reception that includes a shop and bottle shop, and other improvements such as service sheds and a fuel service area.
“The property affords good access to the Henry Freycinet Estuary and is accessed off the Denham – Hamlin Road, which provides access from the North West Coastal Highway to the Denham townsite and Monkey Mia.”
Ray White Shark Bay Licensee/Principal Rob Emery said the resort had hidden treasures that really sets Nanga Bay Resort apart.
“Not only do you have many options for the kind of stay you want to have while you’re there, but you can also take advantage of the restaurant with full commercial kitchen,” Mr Emery said.
“The swimming pool and hot tub that’s fed from the artesian bore is an absolute dream, and for the keen angler, the waters around the resort are quite the mecca for pink snapper.
“As far as resorts go, Nanga is untamed and it gives you an in-the-bush feeling, with a few of the modern-day conveniences.”
Expressions of interest close on Wednesday 28 November at 5pm (AWST).
*Approximately.
Site facilities
> 24 x country style motel rooms
> 4 x two berth cabins
> 2 x four berth cabins
> 15 x backpacker rooms
> 3 x cedar wood cabins
> 3 x beach view villas
> 2 x fisherman’s’ huts
> 38 x powered caravan/camping bays
> 33 x unpowered caravan/camping bays.
Hundreds of people tuned in to listen to the 25th edition of RWC’s Between the Lines webinar today, where our panel of experts discussed Western Australia’s industrial market.
The Perth retail strip market has seen a notable uptick in occupancy across the eight surveyed areas.