FOR SALE
$1,395,000

7981 Caves Road
Forest Grove WA 6286

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 500m2
Land area: 1.4ha
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Exclusive Boranup National Park Acreage includes approved building envelope for residence, fully built retaurant and Boranup Art Gallery.

The Phone Code for this property is: 89675. Please quote this number when phoning or texting.
This gem of a property boasts diversity and spearheads into the Boranup National Park 20mins south of Margaret River. First time on the market in 35 years and home to the iconic Boranup Gallery, it is time for the owners to retire making this a unique opportunity to acquire a Jewel of the South West.
The property is also complimented by the very popular restaurant with liquor license immediately adjacent to the gallery and is fully leased out ready for you to acquire this continuous passive income.
Recently approved on the rise behind the gallery is a building envelope with a current BAL rating and plans approved for a two story rammed earth residence. There is opportunity to ressurect the former residence in the gallery until a new residence is built ( the former accommodation was reclaimed for gallery and office space).
Immediately adjacent to the Gallery is the restaurant formerly leased to " Pies and Ale".
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 but bear in mind venture too far of the existing path and planning approvals would be required.
The property is Lot 10 in a group of 10 rural Strata Titles, it has plenty of power , 50,000 gal water tank and use of the strata companies bore.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Property Details for 7981 Caves Rd, Forest Grove

7981 Caves Rd, Forest Grove is a 3 bedroom, 1 bathroom AcreageSemi-rural. The property has a land size of 1.4ha and floor size of 500m2. The place is currently for sale with For Sale By Owner Australia Pty. Ltd..

Building Type
AcreageSemi-rural
Floor Size
500m2
Land Size
1.4ha

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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 189 properties. Over the last 5 years, Houses in Forest Grove have seen a 148.04% increase in median value, while Units have seen a 0.59% increase. As at 31 July 2024:

  • The median value for Houses in Forest Grove is $1,271,230 while the median value for Units is $299,548.
There are currently 2 properties listed for sale, and 3 properties listed for rent in Forest grove on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Forest grove.

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