Sold
Margaret River WA 6285
Sold price: $1,205,000
Sold: 19 Feb 2021
Sold
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8 Bedrooms
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7 Bathrooms
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2 Cars
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Landsize 2,023m2
House
Exciting Margaret River Investment Opportunity!
Lifestyle opportunity in the heart of the beautiful Margaret River region, close to town but literally on the edge of the forest.
Work from the lovely fully renovated home amongst lush gardens, and enjoy an income from the six recently renovated rooms enjoying high occupancy. Very easy for a couple to run, allowing spare time to run another business from home if required.
This award -winning business has operated for over thirty years and has a proven track record of success, and all the hard work has been done by the current owners who are looking forward to retirement. Work for yourselves, forget commuting and enjoy your tree-change!
Ideally located accommodation just a short stroll to Margaret River town centre and central to the south west wine regions many fabulous wineries, breweries, farm gates and natural attractions. The property borders State Forest walk and cycle trails, is close to the Margaret River and the Brewhouse Brewery is just 80m away.
The motel is rated 4 AAA Stars and more than just your average Motel. Offering 6 rooms (various sizes and configurations), reception area, office, 2 bed managers residence, BBQ facilities, private garden areas, carparking on a 2023m2 lot.
All rooms have been upgraded in recent years and present extremely well for this level of the market.
With excellent occupancy rates.
Please contact Ken Preston for Information Brochure.
Property features
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Air conditioned
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Garages
2
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Toilets
7
Property snapshot by reiwa.com
This Margaret River property is a eight bedroom, seven bathroom house sold by Ken Preston at Ray White Stocker Preston on 19 Feb 2021.
Looking to buy a similar property in the area? View other eight bedroom properties for sale in Margaret River or see other recently sold properties in Margaret River.
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
