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 (WESTPAC BANK)
Securely leased to Westpac Bank 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 week 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 5,739 properties.

    There are currently 79 properties listed for sale, and 9 properties listed for rent in Margaret river on OnTheHouse. According to CoreLogic's data, 295 properties were sold in the past 12 months in Margaret river.

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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.