Multimillion-dollar Rockingham beachfront site on market

March 12, 2018 by  

A beachfront site at 25 Rockingham Beach Road and 26-40 Kent Street, which is a prime waterfront land parcel strategically located on the Rockingham foreshore, has recently been valued at around $18-20m.

The site for sale also includes a heritage pub – Rockingham Hotel. Rockingham was established in 1847, hence the Rockingham Hotel, which dates back to around 1886, is almost as old as the city itself. Although the Rockingham Hotel has been through some modifications over the years, the corrugated-iron roof has been retained. The latest renovation of the property was completed around two years ago.

The wider area around the development site is also part of the Rockingham Beach Foreshore Revitalisation project, where the council has announced plans to invest $15.7m by 2020. The objective of this project is to make Rockingham a top waterfront destination in Western Australia, and more detailed plans include a beach pavilion, new marina, and waterfront broadwalk.

According to Michael Milne, the real estate agent from CBRE who is working on selling the development site, Rockingham is a top choice for developers to invest in mixed-use developments and high-density residential properties. This is largely due to the local council’s efforts to refresh the precinct.

For the smooth selling or purchasing of a variety of properties ranging from residential homes to large-scale development sites, real estate agents are the professionals to call for valuable assistance and advice regarding the matter. People can get in touch with real estate agents via contact details printed on their business cards.