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Five stars for $5.5m

A UNIQUE piece of real estate in the Margaret River area is certain to grab the attention of the market.

Balsidene Manor is a five-star boutique hotel in Margaret River. Built in 1912, it is one of the oldest buildings in the region.

The restored National Trust classified homestead is set on 5.6 hectares of gardens and karri forest and comprises two new tourist accommodation buildings, which sit adjacent to the original building, and provide a total of 17 guest rooms.

Jones Lang LaSalle selling agent Tom Nattrass said Basildene Manor had the ability to be expanded and had approval for a further 12 rooms.

 “The property has an ideal location being just 280km south of the Perth CBD and only a comfortable three-hour drive,” he said.

“More specifically the property is bounded by Wallcliffe Road to the north and is situated only a few minutes from the Margaret River township.”

The land and business has an asking price of $5.5 million.

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