77 Newman DriveNewman WA 6753
Property Details for 77 Newman Dr, Newman
Last Listing description (November 2020)
CBRE Hotels is pleased to present to the marketSeasons Hotel Newman a continually strong performing regional accommodation asset offering a significant footprint, in land and rooms, in the resource-rich, north-west of Western Australia.
Positioned at the entrance of the Newman town centre, this 89 room asset presents an opportunity to purchase a highly profitable long-term accommodation business, with substantial growth and expansion potential, as the WA resources sector goes fromstrength to strength.
Investment Highlights:
- An established hotel comprising 89 accommodation rooms, a la carte dining, bar, swimming pool and conference facilities
- A 2019 annual occupancy of 51%with an average room rate of $175 per night
- 31% of FY19 annual revenue was achieved in the last quarter highlighting the impact of the ramping up of resources projects in the area
- Limited competing accommodation assets in Newman
- Significant landholding of 2.90Ha* with potential to add room count if desired
Property History for 77 Newman Dr, Newman, WA 6753
- 12 Apr 2024Sold for $5,700,000
- 20 Sep 2019Sold for $5,125,000
- 31 Jul 2019Listed for Sale Contact Agent
Commute Calculator
Recent sales nearby
See more recent sales nearby
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About Newman 6753
The size of Newman is approximately 27,986.7 square kilometres. It has 13 parks. The population of Newman in 2011 was 9,086 people. By 2016 the population was 7,242 showing a population decline of 20.3% in the area during that time. The predominant age group in Newman is 30-39 years. Households in Newman are primarily couples with children and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Newman work in a machinery operators and drivers occupation. In 2011, 18.6% of the homes in Newman were owner-occupied compared with 8.6% in 2016.
Newman has 2,884 properties.
Suburb Insights for Newman 6753
Market Insights
Trends for Houses
N/A
N/A
View TrendN/A
N/A
Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
