31 Elizabeth Street, Margaret River WA 6285

Under Contract $545,000

Under Contract
  • 3 Bed
  • 1 Bath
  • 2 Car
  • 989 sqm (approx) Land Area

Multiple Options to Explore – Mixed Use Zoning

The composite industrial zoning of this unique property allows for both lifestyle choice and employment opportunity, and is a very astute investment in your future. A massive 989m2 corner block with rear lane access and fronting a major tourist route, with a solid 3 bedroom home, a 120m2 commercial shed with excellent tenant in place, and another 60m2 shed for your own personal use. No matter which way you spin it, this property really delivers:

• A neat and tidy three bedroom home with the shed returning a passive income as good as or better than ancillary accommodation.

• A rock solid investment splitting your investment across both residential and commercial ventures with a return of $35,000 a year.

• An opportunity to have a home and run a business, overlooking public open space, fronting a major tourist route, and still a part of the Light Industrial area.

The house itself is surprisingly spacious with fully enclosed yard, generous outdoor deck and pizza oven. With slow combustion fireplace , good sized rooms and kitchen with dishwasher, your comfort is assured, and it has recently achieved a rent of $385.00 per week.

Both sheds face Boodjidup Road, have 3 phase power, and would suit a variety of business options. Keep the existing tenant who pays a decent rent while still utilising one for your self, or take possession of the lot and grow your future and business in the same location.

This is one of the best investment options around and won’t last long - give me a call to arrange an inspection today.

Make enquiry

MORTGAGE CALCULATOR




  

This property is proudly listed by:

Margaret River Real Estate First National PO Box 412
Margaret River WA 6285

Open for Inspection

By Appointment

Additional information

Property Type rental
Property ID 11049123995
Price $545,000
Land Area 989 sqm (approx)
Study
Fire Place