SOLD
RECENT ADVICE
Sold on 16 Jul 2024 for $2,370,000

31 Bussell Highway
Margaret River WA 6285

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1012m2
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Property Details for 31 Bussell Hwy, Margaret River

Building Type
Commercial
Land Size
1012m2
Local Government
Augusta-Margaret River
Lot/Plan
26/P082205

Last Listing description (December 2022)

Colliers is pleased to offer for sale the Heritage Trail Lodge, Margaret River. A rare opportunity to purchase a highly regarded accommodation business and freehold land in Western Australia's premier tourist region.

The Opportunity
The Heritage Trail Lodge is a well-known B&B enjoying a 4.5 star Trip Advisor rating. The business and property is easily managed and perfect for the owner-occupier or for the investor to run under management benefiting from the exceptional trading history and goodwill that the business has built over many years.

The Location
The property is positioned on the edge of the picturesque Bramley National Park, a superb destination offering fantastic walking and cycling trails amongst natural bushland and Marri trees. The lodge is also less than 1 km to the Margaret River township and offers easy access to all the diverse amenity and destinations that Margaret River is world famous for.

Improvements
The building, constructed circa 1996, includes the following amenities-
- 10 suites approx. 40sqm each all include spa baths & decking area and a very high standard of fit out.
- Separate managers accommodation.
- Reception area
- Communal dining area
- Kitchen and laundry amenities
- 11 on-site car bays

Land Details*
Land area - 2,024sqm
Frontage to Bussell Hwy - 40.20m

Sale details

For further detailed information to arrange an inspection, please contact Shane Isaacs on 0408 883 987 or shane.isaacs@colliers.com

Property History for 31 Bussell Hwy, Margaret River, WA 6285

A timeline of how this property has performed in the market
Last Sold
$2,370,000
16 Jul 2024
Listed for Rent
14 Oct 2006
  • 16 Jul 2024
    Sold for $2,370,000
  • 13 Jun 2022
    Listed for Sale Please contact agent
  • 23 Sep 2016
    Sold for $285,000
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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 5,793 properties. Over the last 5 years, Houses in Margaret River have seen a 99.01% increase in median value, while Units have seen a 132.13% increase. As at 31 October 2024:

  • The median value for Houses in Margaret River is $870,796 while the median value for Units is $541,593.
  • Houses have a median rent of $700 while Units have a median rent of $520.
There are currently 61 properties listed for sale, and 13 properties listed for rent in Margaret river on OnTheHouse. According to CoreLogic's data, 356 properties were sold in the past 12 months in Margaret river.

Suburb Insights for Margaret River 6285

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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.