This is one of the most unique sites we have ever had the privilege of offering for sale. The property consists of 3,034 square metres of development potential land, Included in the sale is the adjoining 37 boat pens and 25 metre landing jetty. With approximately 65% of the pier developed and only 40% of the land area of the property currently developed this exception property offers huge upside.
This unique property gives rise to a multitude of uses commercially, residentially, recreationally and for tourism. There is ample room to expand and develop the land and sea bed area significantly.
The current land area supports an existing café that is trading exceptionally well and a two bedroom apartment above (what a great weekender!!!), all with commanding views over the water. The land area is considerably underdeveloped and offers a potential for substantially increasing both cash flow and capital value via a number of commercial/tourism or mixed use options.
The property offers the investor and developer alike an unparalleled opportunity to substantially increase the value and income of the property in several ways:
Increasing current boat pen fees to be more in line with the surrounding marinas such as
Port Bouvard and Mandurah.
Building and developing up to a potential of a further 19 boat pens on the unutilised
sea bed area.
Converting the landing jetty to a "hire" or tour operator facility including a water based
office within the jetty area. Potentially for tour boat operators conducting nature, wetland
and dolphin tours or sea based fishing and eco-tourism operations.
Redevelop the balance of the land area to other commercial, residential, tourist or short
term accommodation facilities and operations. All further development would then
enhance the on-going cash flow and activation of the immediate area.
Potential to strata title the boat pens now or in the future.
Purchasers are to perform their own due diligence and be satisfied with their own findings. Purchasers acknowledge that Mark Hay Realty Group and/or its Sales Representative makes no representation or warranty in relation to the information provided and will not be liable for any loss or damage as a result of the information provided.
