HEART OF THE VALLEY OPPORTUNITIES ABOUND! FREEHOLD ONLY Lease in place,This beautiful property, located in the HEART of Margaret River has been a successful Bed and Breakfast for nearly 50 years and on sits on a large parcel of land of 2,802sqm offers great investment opportunity.Situated in a quiet street only 2 minute walk to town centre, this iconic property was originally built as a convent for a group of Anglican Sisters of the English Order of St Elizabeth of Hungary in 1928. The original chapel still exists today in a renovated state, with original gothic windows and door forming part of the house.Regarded as one of the top B&Bs in Margaret River, the property has successfully merged the vibrancy of Margaret River, its gardens and old world charm, all within short stroll to cafes, restaurants and boutique shops. Just a short drive to world class wineries, beaches and other great attractions the property also features:GUEST HOUSE6 guest rooms all with ensuitesLarge Dining/ Breakfast RoomKitchen quartersSpacious large Lounge room with fireplaceReading room Library off main entryFront Porch and wraparound verandah.CARETAKERS COTTAGE2 bedroomsOfficeKitchenOpen plan Lounge / DiningCombined Laundry/BathroomMaster Bedroom with ensuiteKey points include:- FANTASTIC location- 2803sqm block- Redevelopment clause in the Lease- Multitude of options available!- Future redevelopment (S.T.C.A)Call John Da Luz for a confidential discussion.