The Hopetoun Shopping Centre at 19 Veal Street Hopetoun Western Australia has both a Caf and a Chemist under long leases.
SITUATION
The shopping centre at Hopetoun is in a prime location with magnificent beachfront and ocean views. Hopetoun is one of the most beautiful seaside towns in Western Australia and UNESCO has designated the Fitzgerald National Park a biosphere. With the government spending over $40 million upgrading facilities, with all roads being sealed and with our local wild flowers, fishing spots, 4wd tracks and whale watching from many points in the park, together with improved camping facilities, visitor numbers have improved dramatically.
MINING
The area is starting to boom again with the Mt Catlin lithium mine in production and Galaxy Resources http://www.galaxyresources.com.au/ The First Quantum http://www.first-quantum.com/ mine in operation. Exploration is starting to boom again with drill rigs reappearing and accommodation prices increasing.
INVESTMENT OPPORTUNITY
This Hopetoun Shopping Centre is on a 1012 square metre property almost on the pristine waters of the Southern Ocean.
LOT 1 THE FRONT SECTION:
Shop 1. Therapeutic Message Floor area 27 sqm ocean views
Shop 2. A chemist. Floor area 50.49 sqm ocean views
Shop 3. A caf/supermarket. Floor area 165 sqm.
LOT 2 THE REAR SECTION
With access via a rear laneway this R50 development block with a 20 m frontage means a discerning buyer could erect 5 dwellings, a block of flats or an office block or subdivide and sell it off.
RETURN ON INVESTMENT
Asking $800,000 – $850,000, this investment property has a very attractive R.O.E. In today’s market.. With the Ravensthorpe Nickel Mine, the Lithium mine in production and the Medallion gold mine about to start, interest in the area is picking up. Effectively you are getting the development block to the rear FREE. Whether you sell, subdivide or put it in your super it makes a very attractive investment at this price.
The adjacent property, 21 Veal Street is also available. Either or both of these properties would make and excellent investment.

Contact
Robert Miloseski
LJ Hooker Hopetoun
0408030888