OFF MARKET

20 Lee Steere Street
Mingenew WA 6522

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 23127m2
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Property Details for 20 Lee Steere St, Mingenew

Building Type
Commercial
Land Size
23127m2
Local Government
Mingenew
Lot/Plan
267/P002893

Last Listing description (December 2022)

The opportunity of a lifetime presents itself, with the Mingenew Springs Caravan Park being offered for sale. Located in beautiful Mingenew, the heartland of the world famous wildflower belt, you can live the quiet, country lifestyle, while running your own business and generating a very comfortable income. Alternatively you may be seeking workforce accommodation, to service upcoming & gas projects in the Midwest. The sale includes the business, property, and plant / equipment.THE BUSINESS:Currently ~100% occupied, and averaging approx. 70% occupation rate annually, boasting repeat corporate and public clients returning year after year. There is a diverse client base; from trucking companies to wildflower tourists, Midwest locals holidaying at home, and both interstate & international tourists.This business has been built from scratch, and developed a strong reputation for clean, quality accommodation, and genuine country service, reflected by a 4.3 / 5 Google review rating. Further potential may exist to expand the accommodation capacity & secondary offerings, to increase turnover under new ownership.THE PROPERTY:Located centrally, this is 2.31ha / 5.7 acres / 23,100m2 of land zoned 'S01 - Special Use' with a current use of 'Caravan Park'. It's only a short distance to other town facilities including the sports club, primary school, supermarket, roadhouse, and renowned Mingenew Bakery. There is street frontage on three sides, giving excellent exposure to passing traffic, and enormous potential for signage. Gorgeous native trees & vegetation provide shade, and there is a combination of bitumen and gravel internal roads in good condition. THE PLANT & EQUIPMENT:- Hakea: 5x single rooms, - Paperbark: 3x single rooms, with ensuites- Grevillea: 4x double rooms, with ensuites - Acacia: 1x queen room, with ensuite, and disability access- Sheoak: Family cabin, sleeps 8, - Multiple ablution & laundry blocks, in both 'brick & mortar' and transportable form- Powered Sites: 25- Unpowered Sites: 40+ - Commercial Kitchen- 'Bush Kitchen'- (Full equipment list available to qualified buyers)The property, business, and equipment couldn't possibly be replaced for the asking price, so if you're looking for an opportunity to be your own employer and take over an already-successful business without having to start from scratch, we'll see you in Mingenew!Mingenew is located just 53km from Three Springs, recently announced as the proposed location for Strike Energy's 'Project Haber' and the wider 'Mid West Low Carbon Manufacturing Project'. This will be a boon for the local economy, and the opportunity to secure such a large portion of land, with all infrastructure included, should not be overlooked.Financials and further information can be provided to qualified buyers; for a confidential discussion call Matt Poynton on 0437 770 301.Prospective purchasers and their advisers should make their own enquiries to satisfy themselves as to the correctness of the information.

Property History for 20 Lee Steere St, Mingenew, WA 6522

A timeline of how this property has performed in the market
Last Sold
$18,000
20 Nov 2005
  • 21 Apr 2022
    Listed for Sale Contact Agent
  • 30 Mar 2008
    Listed for Sale $200,000
  • 20 Nov 2005
    Sold for $18,000

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About Mingenew 6522

The size of Mingenew is approximately 5.8 square kilometres. It has 5 parks covering nearly 23.5% of total area. The population of Mingenew in 2011 was 270 people. By 2016 the population was 291 showing a population growth of 7.8% in the area during that time. The predominant age group in Mingenew is 50-59 years. Households in Mingenew are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mingenew work in a machinery operators and drivers occupation. In 2011, 57.4% of the homes in Mingenew were owner-occupied compared with 68.3% in 2016.

Mingenew has 374 properties. Over the last 5 years, Houses in Mingenew have seen a 236.60% increase in median value. As at 31 October 2024:

  • The median value for Houses in Mingenew is $238,055 while the median value for Units is $203,425.
There are currently 3 properties listed for sale, and no properties listed for rent in Mingenew on OnTheHouse. According to CoreLogic's data, 10 properties were sold in the past 12 months in Mingenew.

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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.