Here is an opportunity to buy a property west of town, currently zoned future tourism.
Situated on the 2173m2 property are two residences made of stone and timber, a shed, lawns and gardens. One home is a 3 bedroom, 1 bathroom home, the other is a 1 bedroom 1 bathroom studio. Both have raked ceilings, wood fires and a lovely country vibe. The main house is currently rented at $395/week until May 2022 and the studio is rented on a periodic basis for $150/week.
Walk or cycle to town and take advantage of the forest cycle trails which connect at the boundary or head west to the beach.
This is the perfect opportunity to rent one out and stay/live in the other yourself, keep both rented as the current tenants would love to stay on, or buy and develop into a multi-unit complex.
Contact agent for a price guide and to arrange an inspection.
The adjoining 2567m2 property is also available for sale. Combined, there is the potential for 8, possibly 9 units (subject to shire approval).
This property at 87 Tunbridge Street, Margaret River is a four bedroom, two bathroom house sold by Nicole Fowler at Margaret River Real Estate First National on 24 Dec 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.
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.