201–207 Palmerston Street, Westport Asking Price: Offers Over $2,000,000 Expected Return: ~8% Passive ROI

Do your research: there has never been a better time to invest in Westport. With an imminent mining boom set to fundamentally change the economic landscape of the town, this is a strategic acquisition for an astute purchaser ready to untap unlimited potential.

Commanding a superb, high-profile corner site of over 4,200m², this substantial hospitality and accommodation complex is ready to be put back on the map. Boasting a 67% NBS (New Building Standard) rating, the property offers structural confidence alongside exceptional commercial versatility.

The core complex is offered with vacant possession, providing massive scale and multiple revenue streams:

• Accommodation: 27 guest rooms catering to contractors, tourists, and corporate travellers.

• Food & Beverage: A spacious restaurant with an 80–100 seating capacity.

• Bars & Entertainment: Three distinct bars, including a guest bar, public bar, and a dedicated conference facility bar.

• Owner/Manager Accommodation: A comfortable 2-bedroom manager’s apartment on-site.

• Parking: 28 secure, dedicated off-street car parks.

Immediate underlying security is provided by a highly popular, well-established on-site liquor store, which is currently tenanted with a solid lease in place—ensuring reliable, immediate cash flow from day one.

Whether you are looking for a hands-off commercial asset or a lucrative hands-on venture, this property accommodates your investment strategy:

• Option 1: Freehold Investment (Passive ROI ~8%) Purchase the asset and enjoy a strong, projected 8% passive return. As a specialist tourism brokerage, Hero Property already has a qualified operator lined up and ready to lease, manage, and run the entire complex for you.

• Option 2: Freehold Going Concern (Active Operator) Treat this as a prime “greenfield” hospitality project. Take over the keys to run the hotel, restaurant, bars, and conference facilities yourself, maximizing your profits as Westport’s accommodation demand surges.

Westport is on the cusp of significant industrial growth. Accommodation and hospitality hubs will be under immediate demand as the mining sector expands. Properties of this scale on over 4,200m² of freehold land are a rare find.

Don’t miss the timing on this cycle. For a confidential discussion or to receive the information memorandum, contact your tourism-specialised business broker today:

OFFERS OVER $2,000,000 + GST (if any)

Dilan De Silva Email: dilan@heroproperty.net Phone: 027 331 793