Perth

Waterfront hotel sale offers landmark 1.15ha development site

A beachfront landholding earmarked for major high-rise hotel and tourism development at Rockingham, is being offered to the market in a move expected to attract new business investment in the growing region.

28 Feb 2018

A beachfront landholding earmarked for major high-rise hotel and tourism development at Rockingham, is being offered to the market in a move expected to attract new business investment in the growing region. 

CBRE has been appointed to market for sale 25 Rockingham Beach Road and 26-40 Kent Street – a 1.15ha site currently home to the Rockingham Hotel, which was established circa 1886, soon after the township of Rockingham itself. In addition to the hotel, the buildings also include a drive through Bottlemart, fuel station and Liquid Nightclub. 

With a prime beachfront position overlooking the Rockingham Foreshore and Garden Island, the property has been identified by City of Rockingham as a landmark site to attract a major hotel and business tourism project. 

The City of Rockingham has singled out the Rockingham Hotel site for ‘Landmark Mixed Use’ redevelopment at part of its ‘Primary Centre Waterfront Village’ masterplan, with consideration given to increased heights for imaginative larger scale development.  

The planning allows for a blend of uses, including commercial, retail, hotel and tourism, in addition to high-rise residential apartments with an R100/200 coding. 

Located 40km south of Perth – between Fremantle and Mandurah – Rockingham boasts a population of 140,000, with expectations to grow to more than 195,000 people by 2036. 

CBRE’s Michael Milne said the property presented a significant development opportunity for the popular coastal city. 

“City of Rockingham has singled out this property as the landmark location for what could become the area’s biggest tourism development and is prepared to work with developers in relation to height limits and density to fulfil the potential of this site,” Mr Milne said. 

“This is an extremely positive boost of confidence from council that will help to enhance the Rockingham Foreshore with upscale, modern and imaginative development outcomes.”    

Mr McGinnity said Rockingham’s status as a satellite city of Perth highlighted the area’s continued growth and desirability.

“Rockingham’s forecast population growth highlights the need for a high density, mixed use development – catering to both the area’s increasing residential base and its expanding tourism appeal. 

“Increasing job numbers at the Kwinana and Henderson marine and industrial areas means Rockingham, as the regional centre, needs to grow, and with this site the largest foreshore development opportunity in the precinct, it represents an outstanding opportunity.” 

With several additions planned for the Foreshore, including a new marina, the popular waterfront precinct is set to transform significantly over the next 10 years. 

Mr Milne added: “Rockingham should be developers’ number one priority for high density residential and mixed-use developments in the Perth metropolitan area. Given the supportive council, fast growing population and strong employment generators, Rockingham offers a beach front lifestyle only 40 minutes from the Perth CBD.” 

Expressions of Interest close Wednesday 4th April 2018
 
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About CBRE Group, Inc.

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 (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.