Entire Westport street up for sale

What could you do with 10 houses on 7.3ha, right beside the sea?

That’s the question Chris Harding of JLL is asking prospective buyers of an entire street in Westport that has come onto the market.

And the possibilities include rental investment, a campground and ‘‘business opportunity’’.

Harding says the houses on Larsen St were originally built in the early ’60s for the Cape Foulwind Cement Works at Westport. But Holcim closed the plant in 2016 and the assets are being sold.

The three-bedroom houses, built from concrete block and well maintained, are not permanently rented, so there will be vacant possession.

‘‘They have been used by workers demolishing the cement works, but they will all be gone by tomorrow,’’ says Harding.

‘‘The property, which includes some very special land with great sites for new houses, is on one title, but it can be subdivided. Part of the work on that has already been done.’’

Harding says the ex-manager’s house, in Cape Foulwind Road, is also on the market.

The houses on the Larsen St property, which is for sale by negotiation, are all 120 square metres, and sit on large sections with garages and sheds. Harding says a rental appraisal showed they could be rented from between $280 and $300 a week.

‘‘In terms of working out the value of the property, you can look at the yield,’’ says Harding. ‘‘The RV is $1.55 million, but that doesn’t appear to take into account the spare land for building. We think the price is going to be somewhere around the $2 million mark.’’

Harding is keen to mention local attractions, which include fishing, camping and ‘‘a great pub down the road’’.

In his listing, he also mentions a historical lighthouse, surfing and a local walking and cycling track.