A Western Australian private investor has purchased a 162-hectare development site on the coast of Geraldton for $8 million. Sunset Shores Pty Ltd, controlled by Neal Guilmartin, has bought 7 and 45 Glenfield Beach Drive, 927 Chapman Road, Glenfield, and 8 Glenfield Beach Drive, Drummond Cove from Hong Kong based fund North Bay Developments.