LIMITED COMMERCIAL OPPORTUNITY - $1540000

Description

It is not often sites become available in Broome's Chinatown precinct and even less so on the historically significant "pearler's row" along the Roebuck Bay side of the road that was once the hive of the mother of pearl sorting activities in yesteryear. The site has a total of 1,099 square metres on 2 Certificates of Title and is being offered as one parcel at current market value, as evidenced by the recent sale of Lot 32 Hamersley Street (cnr of Haas Street) being 1,185 m2 for $1,422,000 (exclusive of GST) in December 2008. The current very limited supply of retail space in Chinatown would suggest that there is a shortage of supply and that this situation will become more pronounced as Broome continues to grow as a destination of choice and a preferred lifestyle centre for those wishing to enjoy Broome and the Kimberley region. This offering creates an opportunity for a progressive business enterprise to own their own premises and generate an income from additional retail space, offices or residential apartments. Interested parties should make themselves aware of the Chinatown Development Strategy, Feb 2003 available on the Shire of Broome website: http://www.broome.wa.gov.au/planning/pdf/ctds.pdf and any requirements of the WA Heritage Council of WA 9221 4177. The property is priced at $1,400,000. For further property information including copies of development concept plans and other details please call Allan Griffiths at the Exclusive Selling Agents Broome Real Estate First National on 9192 2000 or Mobile 0419 922 000 or email your details to griff@broomerealestate.com.au.