FOR SALE
$5.65 million

139-141 Bussell Highway
Margaret River WA 6285

Bedrooms: -
Bathrooms: -
Car spaces: 18
Floor area: 812m2
Land area: 1012m2
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Outstanding Building in the Town Centre

139-141 Bussell Highway offers the investor a unique opportunity to purchase a standout commercial building in the heart of Margaret River town centre. It has quality tenants and the added bonus of two stunning short stay apartments.
139 -141 Bussell Highway comprises a contemporary two level mixed-use development in the heart of the Margaret River commercial/retail centre.
This stylish complex contains three high quality tenancies on the ground floor including the Commonwealth Bank, Tunbridge Gallery, specialising in authentic Aboriginal Art, and an office housing WA Disability Services.
On level one there are three offices with balcony overlooking the main street. All three offices are fully leased. A unique feature of level one are the Constellation Apartments that overlook Ned Higgins Lane at the rear of building. The two very large short stay apartments are both one bedroom, two bathroom with balconies and courtyards. They are beautifully fitted out and offer a luxurious and private holiday experience in the heart of town with restaurants, bars, shopping and services at your doorstep. Both have external and internal access and are very popular with high occupancy and many return visits by guests. The car park at the rear of the building off Ned Higgins Lane has eighteen bays and provides access to the ground floor tenancies and through to Bussell Highway. The building is in very good condition and has been regularly maintained by the current owner.
A complete package for the serious investor, and showing 6.76%pa on the asking price of $5.65 million, sold as a going concern.
For further details contact John Reid or Michelle Pownall for an Information Memorandum.
Disclaimer: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Interested parties should make their own enquiries to verify the information contained in this material. Licensee: Downsouth (WA) Pty Ltd ACN 125 383 628

Property Details for 139-141 Bussell Hwy, Margaret River

Building Type
Commercial
Floor Size
812m2
Land Size
1012m2

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About Margaret River 6285

The size of Margaret River is approximately 61.3 square kilometres. It has 32 parks covering nearly 21.9% of total area. The population of Margaret River in 2011 was 6,328 people. By 2016 the population was 7,650 showing a population growth of 20.9% in the area during that time. The predominant age group in Margaret River is 30-39 years. Households in Margaret River are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Margaret River work in a trades occupation. In 2011, 61.8% of the homes in Margaret River were owner-occupied compared with 65.6% in 2016.

Margaret River has 5,813 properties. Over the last 5 years, Houses in Margaret River have seen a 98.28% increase in median value, while Units have seen a 170.70% increase. As at 30 November 2024:

  • The median value for Houses in Margaret River is $885,124 while the median value for Units is $569,156.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 58 properties listed for sale, and 6 properties listed for rent in Margaret river on OnTheHouse. According to CoreLogic's data, 372 properties were sold in the past 12 months in Margaret river.

Suburb Insights for Margaret River 6285

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Contact agent
John Reid
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Michelle Pownall
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Ray White Stocker Preston | Busselton
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.