2 Andrews Way

Margaret River WA 6285

Situated on the corner of Andrews Way and the busy Bussell Highway, this commercial property featuring multiple retail and dining spaces is a lucrative investment opportunity. Set on 11,596sqm of prime real estate within walking distance of the Margaret River township, the location for tourism and hospitality operators is outstanding given the high exposure the highway attracts. Onsite, you'll find a mix of well-established cafes and retail outlets as well as empty spaces ready to create your next venture or lease out to emerging or existing businesses. With indoor and alfresco dining options, well-maintained amenities, ample parking and a large, grassed area, there is endless potential here. A new exciting venture is in the works with the neighbouring Arbor Estate Margaret River, a master-planned community with over 400 residential lots and a further 250 Over 55's land lease lots, set to attract an additional 1,443 residents to the region. PROPERTY FEATURES Land: 11.596sqmNLA: 1,490sqm90% occupancy with 8 tenantsEstimated fully leased rent $338,183+GST p/aAll leases with built-in rent increasesZoned: Future DevelopmentDevelopment potentialSuits multiple uses (STCA)Over 4,500 vehicles passing by weeklyUpcoming development at the neighbouring Arbor Estate, Margaret River attracting an additional 1,443 residents to the region THE LOCATION With the bustling Margaret River township and a thriving customer base nearby, this property is an attractive option for new tenants and businesses already operating out of the premises. Close to wineries, restaurants, and the stunning coastline, you'll understand why the wine, food and beaches are world-class in this premium tourist destination. The Margaret River Region is a three-hour drive south of Perth, and the Busselton Margaret River Airport is less than an hour away with direct flights to Perth and the East Coast. This property is a drawcard for local, national and international patrons and tourists. Situated on the corner of Andrews Way and the Bussell Highway, this commercial property benefits from high exposure, with over 4,500 vehicles passing by per week. There is easy access to main arterial roads such as Caves Road, Wallcliffe Road, Gnarawary Road and Redgate Road.For a private inspection, please contact Paul Manners, the Southwest Property Specialist.