Perth, 7 November 2013- A tranquil tourist resort in the world renowned Margaret River wine region is listed for sale.
Located at 613 Abbeys Farm Road in Yallingup, the property is approx. 260km south of Perth and is close to local attractions and the world renowned surf breaks along the South West coast.
‘Chandeliers on Abbey’ is set on 15 hectares of undulating valley land and comprises three architecturally designed chalets, reception building and residence.
Ryan McGinnity and David Kennedy from CBRE Hotels, and Alan Jones from JMW Real Estate are marketing the property and business on behalf of the Receivers, PPB Advisory.
Mr McGinnity said the property is close to well-known Margaret River wineries, including Wills Domain, Aravina Estate, Clairault and Knee Deep to name a few.
“This is an ideal tourist getaway and lifestyle opportunity to any buyer.Situated only two and a half hours south of Perth, we expect the purchaser to be someone looking for a change in lifestyle, but with the benefit of a steady income stream” said Mr McGinnity.
Mr Kennedy said the property rises from the road to the rear chalets providing views over the valley and with the sites tourist / viticulture zoning may offer potential for further development subject to council approvals.
Mr Jones added the south west of WA is a much loved year round getaway for West Australians who are escaping the heat of summer or enjoying wine tours and winter escapes.
“Sales activity within the Southwest has improved in 2013, principally due to lower interest rates and confidence returning to the market and we expect this property to attract much interest,” he said.
The property is offered for sale with vacant possession through an Offers to Purchase campaign, closing 2pm 5 December 2013.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.