Witchcliffe, Lot 27 and Lot 28, 264 Redgate Road – From $1.45 million

PART of the appeal of the South-West is the incredible beauty of the location, with its gorgeous coastline and abundant forests.

It is not only a wonderful place to live, it is also a fantastic place to run a tourism-based business servicing people who visit the popular region.

West of Bussell Highway, adjoining popular Leeuwin Estate, and a short drive from the coast and Margaret River, this property will allow two new owners to take advantage of these opportunities if they wish.

Lot 27 is 13.5ha of cleared and pastured land and is on the market for $1.45 million.

It would be an ideal location for a stunning rural residence, set among mature trees and overlooking the lake.

However, it is zoned Future Development, with an application lodged for 20 survey strata lots and a guesthouse/lodge facility.

There is no obligation to develop the property, but the potential exists to take advantage of the application and run a thriving business or explore other development opportunities.

Lot 28 is 55ha of undulating land with frontage on Redgate Road.

It is priced at $1.65 million.

It is zoned Rural and has a balance of pasture and bush.

There is a recently renovated, four-bedroom, two-bathroom home on the land, however there is also the opportunity to build overlooking the lake.

While the lots are being marketed separately, they can be bought together to create one large landholding.

The price to purchase both lots is $2.95 million.