1/10413 Bussell Highway

Witchcliffe WA 6286

Witchcliffe is 8km south of Margaret River, and experiencing stunning growth! The magical village centre has a special charm, and it's the closest town to beautiful Redgate Beach. In the exact centre of Witchcliffe is the Witchy Liquor Store. The freehold (NOT the business) is offered for sale. With a 34 year history, a signed lease to 2027 and a further 5 year option to 2032, a brilliant tenant, and a liquor license history of around 34 years, the property is an attractive investment with a yield approaching 7%pa. The Liquor License is to be transferred back to the Lessor at the end of the lease.
Nextdoor is a restaurant, and other ventures are rapidly developing in the main street, ensuring a strong future.
Five years ago Witchcliffe had around 25 houses, a tractor dealership, and a few small businesses in the main street. A current count shows around 821 properties, and buildings are growing as fast as builders can build. It's the hottest hotspot in the Shire. A town centre investment with a strong lease has to be worth consideration.