House for sale
Lot 51 Smiths Beach,
1 1 0
Unique Commercial Investment - Smiths BeachFor Sale by Expressions of Interest, closing 4pm Monday, 1 May 2017 (if not sold prior)
Situated within Smiths Beach Resort, the South West's premier luxury beachfront resort located at the iconic Smiths Beach, this unique commercial investment property offers buyers strong income returns from long term leases with experienced quality tenants.
The popularity of the South West and particularly the Margaret River Wine Region is set to increase as the market enters a new tourism cycle underwritten by a lower Australian dollar. In addition, existing tourist developments will be the beneficiary as building replacement costs are still significantly higher than current built values making new development uneconomic for the foreseeable future. These factors combined with the expansion of the Busselton Margaret River Regional Airport (complete in 2018) will drive expansion in tourism numbers from eastern state and international markets.
This 2233sqm (land area) property includes a restaurant, gourmet deli and multi purpose function facility leased long term to Lamonts, one of Western Australia's leading restauranteurs, plus Resort Reception. Significant capital upgrades have recently been completed on the food and beverage premises to ensure the facility continues to attract Resort guests, plus those staying in nearby accommodation, the tourist market generally and the local resident trade.
Last updated: 04:00PM on Jul 11th 2017