Description
Phone Enquiry ID: 225208
A very rare opportunity to grab an excellent development block with high yield returns that's primely situated in the heart of Margret River Town Centre only 500m walk from the cafe strip. (LOT 13)
There won't be another land release like this. This serene location is boarded by tall pines in every direction with the Rails to Trails entry at it's doorstep. It also has a perfect north facing aspect.
Margaret River Council has strict short stay guidelines with only a small designated area approved for short stay. This lot is situated in the centre of zone (zoned for both short stay and residential) and being a generous 643m2 R30/R40 zoning allows for development of two dwellings.
You could expect to earn 50K+ returns per dwelling year on year with Margaret River a highly sort after short stay tourist destination. This would represent expected returns on investment of up around 35-40% making this an incredible investment opportunity.
This property is fully serviced and has been assessed as a 12.5 BAL rating and a bushfire management plan has already been completed and will be provide upon sale. Lot 13 borders a side access which is promoted for reciprocal access in the development plan. For further details don't hesitate to contact me, we don't expect this rear opportunity to last.
A very rare opportunity to grab an excellent development block with high yield returns that's primely situated in the heart of Margret River Town Centre only 500m walk from the cafe strip. (LOT 13)
There won't be another land release like this. This serene location is boarded by tall pines in every direction with the Rails to Trails entry at it's doorstep. It also has a perfect north facing aspect.
Margaret River Council has strict short stay guidelines with only a small designated area approved for short stay. This lot is situated in the centre of zone (zoned for both short stay and residential) and being a generous 643m2 R30/R40 zoning allows for development of two dwellings.
You could expect to earn 50K+ returns per dwelling year on year with Margaret River a highly sort after short stay tourist destination. This would represent expected returns on investment of up around 35-40% making this an incredible investment opportunity.
This property is fully serviced and has been assessed as a 12.5 BAL rating and a bushfire management plan has already been completed and will be provide upon sale. Lot 13 borders a side access which is promoted for reciprocal access in the development plan. For further details don't hesitate to contact me, we don't expect this rear opportunity to last.