OFF MARKET

1 Hadda Way
Mahomets Flats WA 6530

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 1725m2
Land area: 6115m2
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Property Details for 1 Hadda Way, Mahomets Flats

Building Type
Commercial
Year Built
1990
Floor Size
1725m2
Land Size
6115m2
Local Government
Greater Geraldton
Lot/Plan
30/D072714

Last Listing description (April 2018)

Owners willing to look at offers below recent Valuation.
24 Holiday accommodation units plus the Caretakers accommodation and reception area, swimming pool and BBQ facility, kids playground
Liquor Licence - Special Facility - Tourism

Situated adjacent to one of Geraldton's more popular beaches within the established residential suburb of Mahomets Flats approximately 2.1 kms from the Geraldton CBD, in the heart of Western Australia's stunning Coral Coast and the well renowned Abrolhos Islands just 420 kilometres north of the capital city of Perth, the port city of Geraldton has all the major services, cultural, shopping and sporting facilities you would expect of a city.
The Houtman Abrolhos (often informally called the Abrolhos Islands) is a chain of 122 islands, and associated coral reefs, in the Indian Ocean off the west coast of Australia. It lies about 60km west of Geraldton, Western Australia. It is one of the world's most important seabird breeding sites, and is the centre of Western Australia's largest single species fishery, the western rock lobster fishery.
For more information on Geraldton visit www.geraldtontourist.com.au or www.geraldtonopportunities.com.au.
Geraldton's Ocean West Units is an established accommodation centre with high return of repeat customers year round from both the private and commercial sector.
The property offers investor/operator the combination of property holding investment with 6,115sqm of beach side land contained on 17 strata titled lots plus improvements and an operating business.
The owners are seeking Expressions of Interest from potential buyers with a recent Bank valuation available for viewing on request to qualified buyers to assist with independent due diligence.
The current Ocean West operation at 1 Hadda Way also utilizes an additional 4 x 2 bed units (owned by the seller) less than 150m from the main complex, opportunity can be explored for the inclusion of this complex in the sale. IM for 5 Hadda Way is available on request.
For the IM please contact Phil Sorgiovanni on 0419 568 256 or email phil@activewestre.com.au
Some further information regarding the site can be found on the website at: www.oceanwest.com.au

Property History for 1 Hadda Way, Mahomets Flats, WA 6530

A timeline of how this property has performed in the market
Listed for Rent
$600/w
26 Aug 2016
  • 05 Aug 2016
    Listed for Rent - Price not available
  • 17 May 2016
    Listed for Sale Offers Invited
  • 02 Nov 2007
    Listed for Sale From $340000

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About Mahomets Flats 6530

The size of Mahomets Flats is approximately 1 square kilometres. It has 1 park covering nearly 2.1% of total area. The population of Mahomets Flats in 2011 was 866 people. By 2016 the population was 835 showing a population decline of 3.6% in the area during that time. The predominant age group in Mahomets Flats is 50-59 years. Households in Mahomets Flats are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mahomets Flats work in a professional occupation. In 2011, 54.4% of the homes in Mahomets Flats were owner-occupied compared with 57.4% in 2016.

Mahomets Flats has 509 properties. Over the last 5 years, Houses in Mahomets Flats have seen a 107.47% increase in median value, while Units have seen a 84.05% increase. As at 31 October 2024:

  • The median value for Houses in Mahomets Flats is $445,084 while the median value for Units is $314,129.
  • Houses have a median rent of $500 while Units have a median rent of $388.
There are currently 4 properties listed for sale, and no properties listed for rent in Mahomets flats on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Mahomets flats.

Suburb Insights for Mahomets Flats 6530

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.