Sold
7/8 Charles West Avenue, Margaret River WA 6285
Sold price: $564,000
Sold: 03 Sep 2020
Sold
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2 Bedrooms
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2 Bathrooms
Apartment
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Location Is Everything!
Situated right in the heart of Margaret River’s commercial precinct is this future development that will offer excellent exposure for retail, along with spacious apartments providing in-town convenience for owner occupiers or short stay accommodation.
This two storey complex will be comprised of four retail shops on the ground floor and four accommodation apartments on the first floor. Located on Fearn Avenue and overlooking town, it is ideally located to capture high passing traffic without the hustle of the main strip. Access is assured with parking available in the close vicinity and exclusive use parking bays at the rear of the building.
The quality of the proposed construction will be above building and energy standards and detailed specifications and plans are available on request.
This is an opportunity to plan the relocation for your business whilst your present premises are re-leased. It is also an excellent chance to cash in on Margaret River's high demand for tourist accommodation, with the added attraction of offering the rare dual zoning that allows both long and short stay occupancies.
Construction is due to commence by 1 January 2018, with the anticipated completion date being 1 November 2018. Strata Titles available upon completion in 2018.
Property features
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Floor area
76m2
Property snapshot by reiwa.com
This property at 7/8 Charles West Avenue, Margaret River is a two bedroom, two bathroom apartment sold by Barry Granville at Margaret River Real Estate First National on 03 Sep 2020.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.
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
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