Square Metres: Country pub Quinninup Tavern in South West to sell for less than its 2019 construction costs

If you are looking for the quintessential Australian business and home among the gum trees, with lots of plum trees, a beer or two and a kangaroo — you are in luck. The Quinninup Tavern and a separate two-bedroom cottage, situated on a 2907sqm block and among the giant karri trees of the southern forest region, have hit the market. Simon Mills of Ray White says the the modern and stylish building was completed in 2019 at a cost of $1.2 million, including the separate two-bedroom cottage. And this is partly why the deal has hit the commercial property investment pages — rather than regular property columns — because the owners are seeking offers from $899,000. The Wheatley Coast Road address is also a potential development site as it is zoned town centre, and there is also the potential to purchase the neighbouring property, which is also on the market. The tavern has a modern commercial kitchen, full bar facilities, an indoor restaurant with a sports bar, as well as outdoor seating and a beer garden. It is close to the Karri Lake recreational development and subdivision in Quinninup in the South West, which is known as the “Jewel of the South”. Mr Mills said it is experiencing decent growth and is a popular holiday spot. Your ticket to Paradise Seniors may one day misquote Guns N’ Roses, asking to be taken down to Paradise City, where the grass in green and the aged care facilities are pretty. If you are old enough to remember that song, you may well be interested in an aged care and retirement facility development site for sale in Ballajura, known as Paradise Quays. Two sites totalling 4.08 hectares at 1-8 Paradise Quays have listed via an offers-to-purchase campaign run by Knight Frank’s Cory Dell’Olio and Tony Delich, on behalf of the City of Swan. The two lots of 2.49ha and 1.59ha are situated either side of Paradise Quays at the intersection with Alexander Drive – close to Emu Lake. Mr Delich said the local council had projected a “huge demand” for retirement villages and aged care facilities in the Ballajura area, which has an ageing population. “The City of Swan currently has a diverse population of almost 150,000 people, of which 20 per cent are over 55, and projections show Ballajura will see a population increase of 1822 people aged 55 and over in the period from 2011 to 2026, with further increases likely,” he said. Mr Dell’Olio said the development site was a rare opportunity for developers and operators of retirement villages and aged care facilities given its 13km proximity to the Perth CBD. “It is rare for a site of this size in Perth’s northern corridor to come on the market,” he said. “The property is situated in a great location, surrounded by a multitude of residential dwellings, as well as amenity with a small shopping complex, Emu Swamp Reserve, and the high-profile Alexander Drive. “The property has high-profile street frontage to both Alexander Drive and Paradise Quays and is vacant and ready to be developed.” The offers-to-purchase campaign for the property will close on Wednesday, May 29. Alarming number of South Perth homes unoccupied Property owners with vacant homes in the South Perth area could soon be encouraged to transform their vacant properties into rental accommodation after it was revealed more than 1100 of the suburb’s homes were unoccupied. South Perth council will report on ways to incentivise homeowners to make vacant homes available for long-term rental, and landowners to develop their block of land. The motion, which was put forward by Cr Mary Choy, was carried unanimously at last Tuesday night’s council meeting and a report will go to council by June. Recent data from the Australian Bureau of Statistics revealed more than 1100 — or 16.4 per cent — of homes in South Perth are unoccupied. “Long-term vacant blocks for land banking purposes and empty homes . . . are generally not great for a vibrant and thriving community,” Cr Choy said at last Tuesday night’s meeting. Cr Andre Brender-A-Brandis said the housing crisis was a national issue. “Whilst there might be greater impacts coming from the State Government, we do need to actually commence this process where we actually start looking at our own statistics and our own high vacancy rates,” he said. “If you have a higher occupancy rating, you actually have a greater sense of community and with that comes benefits, including passive surveillance and security and wellbeing for members of the community. “We do need to consider how we respond to a larger crisis, how we respond to try to maximise utilisation and also consequentially driving down the rental costs and increasing the occupancy rates.”