Since the 1960’s, Port Hedland has been the core of a thriving iron-ore industry and a significant contributor to the country’s resources sector, handling the largest tonnage of any port in Australia. The region has experienced rapid development and expansion through both private and public sector investment.
Port Hedland’s high demand for short and long term accommodation is unprecedented, as a result of the rapid growth in permanent and transit populations. Port Hedland’s estimated ‘total service population’ is approximately20,000 persons, comprised of 15,000 permanent residents and 3,000 fly-in fly -out (FIFO) and contract workers and 2,000 short-term visitors. Supported by robust economic growth and international resources demand, a population of approximately 50,000 people will be required by 2031 to support projected levels of economic growth and meet the anticipated labour requirements.
Located opposite the Port Hedland International Airport, The Landing was developed in response to this unabated growth. Occupying a substantial 4.41ha land parcel, the Property offers 1 19 short stay caravan bays, 44 long term caravan bays and 14 approved tourist caravan sites together with supporting facilities including an office, restaurant, laundries, crib room, gymnasium and service station. The short stay caravan bays are currently licensed to QSD Hire Pty Ltd and are being occupied by employees of large scale resource companies. In addition, Development Approval has been obtained for the construction of two hotels with the potential for up to 612 hotel rooms and supporting amenities on a presently unutilised part of the Property.1 Significant civil works have been undertaken by the current owner on the vacant land which should allow the incoming purchaser to commence the hotel developments within a shorter time frame.
This offering is the first of its kind in Port Hedland in a number of years, and provides incoming investors the opportunity to capitalise on the resources sector and acquire an Asset with strong current income and the ability to substantially increase profit and capital value through the development opportunity.
