FOR SALE
OFFERS OVER $1,980,000

21/7 Marrinup Drive
Yallingup WA 6282

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2874m2
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FOR SALE - STUDIO GALLERY AND BISTRO FREEHOLD PROPERTY AND BUSINESSES

YALLINGUP, THE ULTIMATE LOCATION FOR YOUR TOURISM BUSINESS OR TOP END HOLIDAY HOME
Property Details:
• Yallingup & Southwest Icon - Studio Gallery and Bistro established in September 2010.
• Current Use: Successful Art Gallery and award-winning restaurant situated on 2,879 sqm of land.
• Offers above $1,980,000 'Walk In Walk Out'. Being sold as Going Concern or with Vacant Possession" (plus GST if applicable).
• Please note both businesses can be taken over with no cost for the 'Good Will' and the sellers will assist in transitioning the businesses to new owners if required.
INFORMATION FOR FOREIGN BUYERS:
• This property and the businesses may have potential for buyers looking at 'Business Innovation and Investment' (Provisional Visa) for Foreign Investment subject to "Foreign Investment Review Board" approval if required.
• Building Size: Estimated at 461 sqm of lettable space, could be subdivided into two tenancies. *Plans available on request*
• Convert into a "top end" short stay holiday home for your exclusive use and or Airbnb with City of Busselton approval if required.
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Property Details for 21/7 Marrinup Dr, Yallingup

Building Type
Commercial
Land Size
2874m2

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About Yallingup 6282

The size of Yallingup is approximately 75.3 square kilometres. It has 3 parks covering nearly 40.2% of total area. The population of Yallingup in 2011 was 970 people. By 2016 the population was 1,033 showing a population growth of 6.5% in the area during that time. The predominant age group in Yallingup is 40-49 years. Households in Yallingup are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Yallingup work in a professional occupation. In 2011, 77.9% of the homes in Yallingup were owner-occupied compared with 74.6% in 2016.

Yallingup has 1,426 properties. Over the last 5 years, Houses in Yallingup have seen a 95.04% increase in median value, while Units have seen a 55.49% increase. As at 31 August 2024:

  • The median value for Houses in Yallingup is $1,654,267 while the median value for Units is $486,355.
  • Houses have a median rent of $950.
There are currently 13 properties listed for sale, and no properties listed for rent in Yallingup on OnTheHouse. According to CoreLogic's data, 39 properties were sold in the past 12 months in Yallingup.

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Rob Farris
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JMW Real Estate
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