This centrally located property has a Town Centre Zoning which provides for a range of uses and development opportunities including residential, offices, consulting rooms, tourist accommodation, shop and medical centre plus many more.

Residential development for a mixed use, grouped dwelling or multiple dwelling development within this zone is permitted to a maximum density of R60. This density may facilitate up to 3, one bedroom and 10, two bedroom multiple dwellings or 9 grouped dwellings (subject to relevant approvals).

Ideally located at the southern end of Town View Terrace, the property has easy access to the main street shops, cafes, bars and restaurants and is within a short walk (less than 300 meters) to the Primary and High Schools and medical facilities.

The site is a generous 1,399 sqm and has a frontage of 17.8 metres to Town View Terrace and rear access via Ned Higgins Lane. Being in an older established part of town the site also benefits from a number of mature trees that provide shade and appeal to the site.

Improvements comprise an old weatherboard and iron dwelling and out building that are currently used as office accommodation. These are in original condition and would need repair and maintenance if retained.

The property has been subdivided into 5 separate strata lots (each with a separate certificate of title) which are being offered for sale all together (in one line). This provides the new owner with the flexibility to retain the existing strata titles or amalgamate the lots and create a substantial redevelopment site.

Lot 1 – 40 sqm (vacant lot)
Lot 2 153 sqm (original dwelling)
Lot 3 94 sqm (out building and land)
Lot 4 133 sqm (vacant lot)
Lot 5 124 sqm (vacant lot)
Common property approx. 855 sqm (gardens, driveways and car parking)

The existing buildings can provide a holding income to the new owner as some of the current owners and tenants may be interested in leasing back the offices for a short period. This is a benefit you as the new owner as it will assist to cover the rates and taxes for the property until it is ready for development.

For further information please contact Margaret River Real Estate Agent Ray Stocker on 0418 932 746.