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95 Bussell Highway, Margaret River WA 6285

Sold price: $823,900 Sold: 26 Feb 2021
Sold
  • Landsize 993m2
Land
95 Bussell Highway, Margaret River WA 6285

Prime Investment

A rare opportunity exists to acquire a prime 993m2 vacant corner block with a 14m Bussell Highway frontage in the centre of the Margaret River town site.

With a high daily traffic count passing by the property, this is a blank canvas ready to develop a modern building to suit a multiple of mixed business uses (Zoned Town Centre).

If you have been considering developing your own commercial premise in the heart of Margaret River, now is the time to act and take advantage of the last remaining undeveloped site in town.

• 993m2 in area
• Zoned Town Centre
• Suit retail, office, residential or short stay
• 2 road frontage with rear laneway

Further information pack available from Ken Preston.

***The Seller is registered for GST and therefore the Purchase Price is inclusive of GST. The Seller will issue a Tax Invoice to the Buyer at settlement.***

Property features

Listing snapshot by reiwa.com

This land listing located in Margaret River was sold by Ken Preston at Ray White Stocker Preston.

If you would like to get in touch with Ken Preston regarding 95 Bussell Highway, Margaret River, please call 0418 932 747 or contact the agent via email.

Cost breakdown

  • Council rates: $5,859 / year

Nearby schools

0.7km
0.7km
0.8km
St Thomas More Catholic Primary School
  • Primary
  • Non-government
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 $880k
Median $750k
Low end $675k
9.5 %
Annual growth
$750k
Annual median sales price
$680pw
Annual median rental price

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FAQ's

95 Bussell Highway, Margaret River sold on 26/2/2021 for $823,900.

The average number of selling days in Margaret River is 12 days.

The median house price in Margaret River is $750,000, the median unit price is $820,000.
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