A Fresh Perspective, a New Price for the Guest House 51 Wellington St E. Northam Revisit the Possibilities!
Call the agent, Rana on 0410148846
Discover this rare investment opportunity that is offering a substantial guest house business with immense potential for renovation, expansion or re-development.
Situated on a generous 2,266 sqm, Freehold parcel of land with dual road access from Wellington Street and Grey Street, this property is strategically positioned in a Mixed Use (Commercial) zone, allowing for versatile development options.
Currently operating as a guest house business under "going concern," GST Not Applicable.
The property boasts a total of 31 rooms plus manager's quarters, a common kitchen, male and female bathrooms, a shared laundry facility, and ample car hardstand space. The original brick construction, complemented by various add-ons, spans approximately 1400 sqm, presenting a solid foundation for refurbishment and enhancement.
Ideal for astute investors seeking to capitalize on Northam's growing commercial landscape, this property offers the flexibility to reconfigure existing spaces, modernize facilities, and potentially expand the accommodation capacity.
Its prime location ensures proximity to local amenities, transport links, and the bustling commercial hub of Northam, making it a promising venture for hospitality, residential, or mixed-use development.
In addition, this property's extensive facilities & strategic location offer a convenient and cost-effective solution for local businesses needing employee housing. The guest house's existing infrastructure and potential for expansion make it a perfect fit for various local industries, ensuring that employees are comfortably housed close to their workplace.
Don't miss out on this exceptional opportunity to acquire a substantial property with significant upside potential in Northam's vibrant business district, especially if you join it with the next door property 47 Wellington Street E, that is listed for sale too!
Call Rana Traboulsi 0410-148846 to receive the full IM.
Council Rates: $7,090 per annum
Water Rates $6,100 per annum
Disclaimer
The Photos& all the information above are for general purposes only. They were provided in good faith, however, we make no representation, liability or warranty of any kind, express or implied, regarding the accuracy, availability or completeness. Buyers have to do their own research and due diligence.
