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37 Station Road, Margaret River WA 6285

Sold price: $440,000 Sold: 13 Jan 2021
Sold
  • 4 Bedrooms
  • 1 Bathroom
  • Landsize 2,053m2
House
37 Station Road, Margaret River WA 6285

INCREDIBLE COMMERCIAL OPPORTUNITY

Located right in the heart of the Station Road service commercial area of Margaret River, this ½ acre property is just begging for an astute investor to transform it so it can be part of the surrounding action. Developed commercial properties with ample car parking are located across the road and next door, with the block on the other side cleared and ready for development.
Boasting a whopping 31 metres of street frontage and “Service Commercial” zoning, this property would suit a multitude of development options. Although the dwelling and shed on the property are nearing the end of their life, they are still being used as a residence, but could be used for storage in the short term.
What an incredible opportunity to build your business from the grass roots up…or develop and enjoy a lifetime of generous commercial rental returns.

Property features

  • Floor area 150m2

Property snapshot by reiwa.com

This property at 37 Station Road, Margaret River is a four bedroom, one bathroom house sold by Barry Granville at Margaret River Real Estate First National on 13 Jan 2021.

Looking to buy a similar property in the area? View other four bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.

Cost breakdown

  • Water rates: $1,463 / year

Nearby schools

0.3km
Margaret River Montessori School
  • Primary
  • Non-government
0.6km
St Thomas More Catholic Primary School
  • Primary
  • Non-government
0.6km
Disclaimer

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 $847k
Median $725k
Low end $654k
9.8 %
Annual growth
$725k
Annual median sales price
$680pw
Annual median rental price

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FAQ's

37 Station Road, Margaret River sold on 13/1/2021 for $440,000.

The median house price in Margaret River is $725,000, the median unit price is $605,000.
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