2 Andrews Way, Margaret River WA 6285
$5,000,000
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1 Bedroom
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1 Bathroom
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Landsize 11,596m2
House
View
Lucrative Investment Opportunity
Situated on the corner of Andrews Way and the busy Bussell Highway, this commercial property featuring multiple retail and dining spaces is a lucrative investment opportunity. Set on 11,596sqm of prime real estate within walking distance of the Margaret River township, the location for tourism and hospitality operators is outstanding given the high exposure the highway attracts.
Onsite, you'll find a mix of well-established cafes and retail outlets as well as empty spaces ready to create your next venture or lease out to emerging or existing businesses. With indoor and alfresco dining options, well-maintained amenities, ample parking and a large, grassed area, there is endless potential here.
A new exciting venture is in the works with the neighbouring Arbor Estate Margaret River, a master-planned community with over 400 residential lots and a further 250 Over 55's land lease lots, set to attract an additional 1,443 residents to the region.
PROPERTY FEATURES
Land: 11.596sqm
NLA: 1,490sqm
90% occupancy with 8 tenants
Estimated fully leased rent $338,183+GST p/a
All leases with built-in rent increases
Zoned: Future Development
Development potential
Suits multiple uses (STCA)
Over 4,500 vehicles passing by weekly
Upcoming development at the neighbouring Arbor Estate, Margaret River attracting an additional 1,443 residents to the region
THE LOCATION
With the bustling Margaret River township and a thriving customer base nearby, this property is an attractive option for new tenants and businesses already operating out of the premises.
Close to wineries, restaurants, and the stunning coastline, you'll understand why the wine, food and beaches are world-class in this premium tourist destination.
The Margaret River Region is a three-hour drive south of Perth, and the Busselton Margaret River Airport is less than an hour away with direct flights to Perth and the East Coast. This property is a drawcard for local, national and international patrons and tourists.
Situated on the corner of Andrews Way and the Bussell Highway, this commercial property benefits from high exposure, with over 4,500 vehicles passing by per week. There is easy access to main arterial roads such as Caves Road, Wallcliffe Road, Gnarawary Road and Redgate Road.
For a private inspection, please contact Paul Manners, the Southwest Property Specialist.
Property features
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Toilets
8
Property snapshot by reiwa.com
This property at 2 Andrews Way, Margaret River is a one bedroom, one bathroom house listed for sale by Paul Manners at Space Real Estate.
For more information about Margaret River, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Margaret River profile page.
If you would like to get in touch with Paul Manners regarding 2 Andrews Way, Margaret River, please call 0448 900 838 or contact the agent via email.
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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
$866k
Median
$740k
Low end
$661k
8.0 %
Annual growth
$740k
Annual median sales price
$680pw
Annual median rental price
