47 Le Souef Street, Margaret River WA 6285

What a find! A whopping 1276sqm block with R30/40 zoning and located in the sought-after holiday catchment zone and a stone's throw from the town centre.

The beauty of this zoning is that you can develop and build to a maximum of 5 dwellings on this property, realising a fantastic future opportunity to a savvy purchaser.

Situated less than 200m from town centre, the property currently has a large 1970's brick home with 3 bedrooms and1 bathroom home, 2 living areas and a massive shed and workshop out the back… providing an income of $380 per week, perfect for while you plan your future development.

Zoned R30/40 the property is connected to town water and deep sewer, capable of yielding 4 or 5 lots. As a staged development you should get one R30 block or two R40 blocks without removing the house, so you have somewhere to live while building!

With huge growth projected in the Margaret river region for tourism and the need for extra housing in the Margaret River area, this property is a smart move for the future.

• R30/40 zoning
• Holiday House catchment zone
• Proximity to town centre
• Develop up to 5 strata blocks

*Proposed subdivision plan is available to prospective purchasers upon request.
*All development and approvals are subject to Shire of Augusta-Margaret River planning applications/approvals.