FOR SALE
EXPRESSION OF INTEREST

10/7981 Caves Road
Forest Grove WA 6286

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A very Unique Property (Residential/Commercial) with a great potential to run variety of Businesses!

This very Unique Property (Residential/Commercial) is definitely for you, as it has a great potential to run a variety of Businesses you like! Isn't it Exciting!!
This gem of a property is 1.46 Ha which includes APPROVED building envelope for RESIDENCE, fully built Restaurant and Boranup Art Gallery. It boasts diversity and spearheads into the Boranup National Park 20mins south of Margaret River, a great tourist attraction. The property is complimented by the very popular restaurant with liquor license immediately adjacent to the gallery and is fully leased out to "Boranup Forest Cafe" at the moment, hence, ready for you to acquire this continuous PASSIVE INCOME.
Recently approved on the rise behind the building of the gallery, is a building envelope with a current BAL rating and plans approved for a two story rammed Earth residence.
You also get the opportunity to ressurect the former residence in the gallery until a new residence is built.
With planning approvals in place for all of these and a function center if required and a long history of prosperous trading supported by locals and visitors it is an iconic destination of Margaret River.
Run it as it has been by the owners or diversify and mix it up further to tailor it to your own skill set, live there and have your own open studios venue for yourself and mates. The possibilities are ENDLESS!!
Property Information:
* Lot 10 in a group of 10 rural Strata Titles.
* Land area approx. 14,600 sqm
* It has plenty of power.
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Property Details for 10/7981 Caves Rd, Forest Grove

Building Type
Commercial

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About Forest Grove 6286

The size of Forest Grove is approximately 127.9 square kilometres. It has 7 parks covering nearly 33.9% of total area. The population of Forest Grove in 2011 was 236 people. By 2016 the population was 269 showing a population growth of 14.0% in the area during that time. The predominant age group in Forest Grove is 60-69 years. Households in Forest Grove are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Forest Grove work in a managers occupation. In 2011, 59.5% of the homes in Forest Grove were owner-occupied compared with 58% in 2016..

Forest Grove has 187 properties. Over the last 5 years, Houses in Forest Grove have seen a 120.61% increase in median value, while Units have seen a 13.68% increase. As at 30 September 2024:

  • The median value for Houses in Forest Grove is $1,206,623 while the median value for Units is $358,894.
There are currently 4 properties listed for sale, and 1 property listed for rent in Forest grove on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Forest grove.

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Harman Kaur
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CENTURY 21 Advance Realty
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