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
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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 2,882 properties. Over the last 5 years, Houses in Newman have seen a 91.94% increase in median value, while Units have seen a 106.85% increase. As at 31 October 2024:
- The median value for Houses in Newman is $300,976 while the median value for Units is $227,692.
- Houses have a median rent of $650 while Units have a median rent of $430.
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