Reiwa Reiwa
167 Andrews Way, Margaret River WA 6285

167 Andrews Way, Margaret River WA 6285

Sold price: $3,700,000
Sold
Sold: 04 Feb 2022

17 Bedrooms

14 Bathrooms

Landsize 38.25ha

House

Contact the agent

Louis De Chiera

0418909899

Peter De Chiera

0418931206

Ray White Stocker Preston


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

Cost breakdown

  • Council rates: $7,418 / year

Nearby schools

Rapids Landing Primary School Primary Government 1.4km
Margaret River Primary School Primary Government 2.7km
Margaret River Senior High School Secondary Government 2.8km
Margaret River Montessori School Primary Non-government 2.8km
St Thomas More Catholic Primary School Primary Non-government 3.2km
Margaret River Independent School Primary Non-government 10.4km
Cowaramup Primary School Primary Government 13.7km
Karridale Primary School Primary Government 27.0km
Yallingup Steiner School Primary Non-government 34.0km
Vasse Primary School Primary Government 35.8km

To view full details about this property, please visit reiwa.com.au
REIWA Listing #:4551339