FOR SALE
Offers From $2.2 million

4/119 Bussell Highway
Margaret River WA 6285

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 243m2
Land area: 330m2
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Main Street Margaret River

SHOP 4/119 BUSSELL HIGHWAY, MARGARET RIVER
Securely leased until June 30 2026, with two x three year options.
This freehold strata titled property comprises 243m2 (Banking Chamber), plus four secure undercover parking bays and two uncovered bays on level one.
The complex has customer parking on level one accessed from Willmott Avenue.
Details:
Lot 4 on Strata Plan 52194.
Total Area 330m2 including six dedicated parking bays.
Situated in the complex opposite Margaret River Hotel (currently under re-development).
The intersection of Bussell Highway and Willmott Avenue is the Commercial/Retail hub of Margaret River.
The property is showing a net return in excess of 6% per annum with fixed annual rental increases of 3.5%. Annual rent $142,830 + GST + Outgoings.
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Property Details for 4/119 Bussell Hwy, Margaret River

Building Type
Commercial
Floor Size
243m2
Land Size
330m2

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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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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.