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28 Station Road, MARGARET RIVER, WA, 6285

4 Bedrooms
2 Carport(s)
1 Bathrooms
Size: 120 sqm
Residential for Sale

Hidden gem, A 4 bedroom house plus Yoga, Pilates, Gym or gallery space plus allied health.

$899,000

28 Station Road started life as Doyles Blacksmiths Shop in 1956 and
has been a focal point for the Margaret River Community ever since.
The blacksmiths shop was given a new life in 2003 when it was
extensively renovated to create a centre for "well being". The current
tenants include a Yoga School ( vacant ), Bowen Therapy and Naturopathic
Centre. There is also a spacious 4 bedroom residence at the rear of
the site and subject to approvals this could be removed and further
development undertaken. This unique property has a prominent
location in a busy and growing service commercial area and offers a
nett income of approx $55,000 pa, when fully let.
Great location in central Margaret River.

Vacant space currently
A light and bright space of over 130 sqm with timber floors, high ceilings with exposed trusses,
kitchen and toilet shower facilities. Ideal space for yoga, pilates, gym or even gallery
please contact the owner for lease terms and costs etc. Rent circa $500pw

The RESIDENCE is a timber framed fibro (probably asbestos) and iron
roofed building which comprises 3 bedrooms, office, kitchen, dining
room, living room, bathroom, laundry and utility area, toilet and a large
covered and paved outdoor patio/entertaining area. Although this
building is quite old it is in reasonable condition and provides spacious
and adequate accommodation with a recently renovated Kitchen.
In addition to the main residence there is a large carport at the front
(eastern) elevation of the residence which is contained under a skillion
roof and has Rolla door access. Currently let for $400 pw

The YOGA SCHOOL AND OFFICES are a partly timber framed and partly
rendered brick building with a corrugated iron roof. This building has
western red cedar weatherboard and corrugated iron wall cladding and
aluminium windows throughout.

The building has a gross floor area of approx. 270 sqm and is divided into
four tenancies which are occupied by 3 tenants as follows:
• Tenancy 1 — Yoga School, approx. 133 sqm
• Tenancy 2 — Bowen Therapy approx. 45 sqm
• Tenancy 3 & 4 — Naturopath/Chinese Herbalist, approx. 69sqm
The building is serviced with 2 unisex toilets and each tenancy has a sink
and water supply. The yoga centre has toilet, shower and kitchenette. There is a brick paved veranda on the western
elevation and a footpath on the northern elevation.
Overall this building is in good condition and provides good quality accommodation for the current tenants.

Live in the house and have the commercial rents pay the mortgage, or run your business from here and have the other tenants pay your mortgage.

Features

Inspection by Appointment

Please call to arrange an inspection.

Contact Information

Rod Davidson
0414906810

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