Perth’s Sunmoon Boutique Resort has been listed for sale - unlocking an opportunity to secure a footprint in one of the city’s most sought after beachside precincts.
Situated approximately 100 metres from Perth’s renowned Scarborough Beach, the Sunmoon Boutique Resort is a four-star complex featuring 45 suites over two separate buildings.
The hotel commenced trading in 2000 and is positioned on a 3,035sqm site with more than 60 metres’ frontage to West Coast Highway.
CBRE Hotels’ David Kennedy and Ryan McGinnity have been appointed to sell the property, located at 200 West Coast Highway, via an Expression of Interest campaign.
Mr Kennedy said the hotel benefited from a central position within one of Perth’s most revered coastal locations.
“The Sunmoon Boutique Resort is positioned to capitalise on the ongoing revitalisation and circa $100 million redevelopment of the Scarborough area, which is set to make it one of the state’s most popular beachside destinations,” Mr Kennedy said.
“The opportunity to acquire beachside real estate and a profitable hospitality operation is expected to be of strong interest to a range of investors including local, interstate and international groups.”
Mr McGinnity said the property’s Mixed Use Commercial/ Residential R160 zoning also offered an attractive development opportunity, with it enabling further development of up to 18 levels of hotel suites and apartments including cafes, bars and commercial uses (subject to approval).
“At this current time there are no major accommodation hotels on the market in Perth, which adds to the demand for this hotel,” Mr McGinnity explained.
The hotel, located a 15 minute drive from the Perth CBD, includes a 24-hour reception, gym and outdoor pool, restaurant and bar, function /meetings rooms and secure undercover parking.
The Sunmoon Boutique Resort is being offered for sale via Expression of Interest closing Wednesday 24 August 2016 at 2.00pm AWST at the offices of CBRE Perth.
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.