Sold
167 Andrews Way, Margaret River WA 6285
Sold price: $3,700,000
Sold: 04 Feb 2022
Sold
-
17 Bedrooms
-
14 Bathrooms
-
Landsize 38.25ha
House
View
Exceptional Edge of Margaret River Townsite Rural Lifestyle
Offers Closing 4pm, Friday 4 February 2022 (unless sold prior)
Strategically located adjoining the Margaret River town boundary, this 38.25ha (approx. 94.5 acre) property combines lifestyle and development potential together with existing cottage and lodge facilities to create a unique Margaret River investment opportunity. Featuring a large feature dam, grazing paddocks, main lodge building and guest accommodation totalling 10 bedrooms and 3 separate cottages, this magnificent property has the potential to be revitalised into a fantastic tourist accommodation facility or extensive family residence. With the benefit of potential rental income and future subdivision opportunity from proposed rezoning, this is an amazing lifestyle landbank opportunity in the Margaret River Wine Region.
Improvements include:
Lodge Building
Built in approx. 1995 this single storey brick and iron building comprises of:
• Large central living area formerly used as the Marri Lodge reception area and includes spacious meals, kitchen and lounge area
• Owners quarters which consist of a bedroom, ensuite office and laundry
• Guest accommodation wing comprising four motel-style air conditioned bedrooms (3 with kitchenettes and 2 with spa baths)
The main lodge building has been designed to convert to an expansive 5 bedroom, 5 bathroom residence in a very attractive setting
Guest Accommodation Wing
This approx. 177sqm brick building with verandahs comprises of 5 motel-style ensuite bedrooms 3 of which have kitchenettes and 1 has a spa bath.
Guest Cottages
Separate to the main buildings are 3 brick cottages. There is one 3 bedroom, 2 bathroom (with spa baths) and two 2 bedroom, 1 bathroom cottages all of which are self contained with kitchens.
Other improvements
• 3 brook fed dams which include one large feature dam overlooked from the Lodge
• Freestanding enclosed and glazed, glassed in gazebo
• General purpose metal and wood shed
• Water storage tank with pump and filter
• Landscaped gardens, gravel paved parking area and driveway
None of the accommodation facilities are currently being rented out and there is no operating business on the property.
Please make contact for a full Information Memorandum on the property.
Property features
-
Toilets
15
Property snapshot by reiwa.com
This property at 167 Andrews Way, Margaret River is a seventeen bedroom, fourteen bathroom house sold by Louis De Chiera and Peter De Chiera at Ray White Stocker Preston on 04 Feb 2022.
Looking to buy a similar property in the area? View other seventeen bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.
Cost breakdown
-
Council rates: $7,418 / year
Nearby schools
Margaret River overview
The townsite of Margaret River is located in the south west agricultural area, 277 kilometres south southwest of Perth and 48 kilometres south southwest of Busselton. It is located on the Margaret River from which it derives its name. The precise origin of the naming of the river is not known, but it was possibly named by John Bussell in honour of Margaret Wyche, a friend in England who was expected to follow the Bussell's to Australia. The name is first shown on a map of the region published in 1839.
In 1910 the Margaret River Progress Association wrote to the Minister for Lands requesting a townsite be declared at "the Upper Margaret Bridge". The reason given was that "the district is likely to be dotted with public buildings several miles apart in the near future if a townsite is not made available shortly". The District Surveyor who inspected the area preferred an area near the lower bridge on Caves Road, but this land was not available. Lots were surveyed in 1912, and the Townsite of Margaret River gazetted in 1913. In 1918 the name of the townsite was changed to "Margaret", but it was changed back to Margaret River in 1927, due to local usage of the name always being Margaret River.
Margaret River quick stats
High end
$880k
Median
$750k
Low end
$675k
9.5 %
Annual growth
$750k
Annual median sales price
$680pw
Annual median rental price
Contact the agent
