7/8 Charles West Ave, Margaret River is a 2 bedroom, 2 bathroom Unit and was built in 2020. The property has a land size of 98m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in September 2020.
Situated right in the heart of Margaret River's commercial precinct is this future development that will offer excellent exposure for retail, along with spacious apartments providing in-town convenience for owner occupiers or short stay accommodation.This two storey complex will be comprised of four retail shops on the ground floor and four accommodation apartments on the first floor. Located on Fearn Avenue and overlooking town, it is ideally located to capture high passing traffic without the hustle of the main strip. Access is assured with parking available in the close vicinity and exclusive use parking bays at the rear of the building.The quality of the proposed construction will be above building and energy standards and detailed specifications and plans are available on request.This is an opportunity to plan the relocation for your business whilst your present premises are re-leased. It is also an excellent chance to cash in on Margaret River's high demand for tourist accommodation, with the added attraction of offering the rare dual zoning that allows both long and short stay occupancies.Construction is due to commence by 1 January 2018, with the anticipated completion date being 1 November 2018. Strata Titles available upon completion in 2018.
The size of Margaret River is approximately 61.3 square kilometres. There are 32 parks, covering nearly 21.9% of the total area. The population of Margaret River in 2016 was 7654 people. By 2021 the population was 8918 showing a population growth of 16.5% in the area during that time. The predominant age group in Margaret River is 40-49 years. Households in Margaret River are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Margaret River work in a professional occupation.In 2021, 70.10% of the homes in Margaret River were owner-occupied compared with 65.60% in 2016.
Margaret River has 6,049 properties. Over the last 5 years, Houses in Margaret River have seen a 111.73% increase in median value, while Units have seen a 118.90% increase. As at 30 June 2026:
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