2 Peake Street, Cowaramup WA 6284

Welcome to 2 Peake Street, Cowaramup where an exciting development opportunity exists.

Situated in a strong profile location in Cowaramup, a highly recognised growing character town.

On offer is a large 1795m2 Town Centre zoned lot with frontage to Bussell Highway and access off the side street.

Property with town centre zoning is very limited in the Cowaramup CBD and the zoning allows many uses including commercial, shops, food and beverage, plus residential uses.

Residential rental income is a benefit until you are ready to build with the existing 4 bed, 2 bath older style home which is currently tenanted on a periodic lease.

The existing dwelling is also positioned well on the lot for staged development consideration.

Located in the secondary tourist destination of Cowaramup, with a growing population of over 2000 residents and smack bang in the heart of the Margaret River Wine Region, this property ticks a lot of boxes for a development proposition.

Features include:
• 1795m2
• Town centre zoning
• Zoning allows many different commercial and residential uses
• Current development approval for small supermarket
• Profile position
• Bussell Highway frontage - side road access
• Existing dwelling positioned well for staged development
• 3 bed, 2 bath home under periodic lease
• Walking distance to town facilities
• Growing population of over 2000 residents
• High traffic flow through the town
• Central to the Margaret River Wine Region
• Secondary tourist destination
• Sewer, town water, power available

Contact exclusive listing agents Jill Turton on 0418 933 345 or Michelle Pownall on 0438 913 570 for more information on this exciting opportunity.