(08) 9321 2770

Outstanding Retail Investment

Active
  • Price upon application.
  • Property Type:
  • Location:
  • Sqm: Building: 4,134sqm | Land: 10,139sqm

36-38 Duchess Street Busselton presents a rare opportunity to acquire a significant retail property and major land holding in one of Australia’s fastest growing regional centres.

Location
Busselton, an established coastal city situated approximately 240 kms South of the Perth CBD is currently the second fastest growing regional centre in Australia and is considered the ‘hub’ of the wider south-west region.

Property Overview
The property comprises a single level neighbourhood shopping centre and service station situated on a prominent high exposure corner position on the main street of the Busselton CBD on two adjoining allotments, providing a myriad of opportunities for the astute investor.

Key Attributes;
• Significant land holding in the heart of the Busselton CBD, totalling 10,139 sqm.
– 38 Duchess St (main site) has a NLA of 4,134 sqm and a site area of 9,125 sqm
– 36 Duchess St (Woolworths plus service station) has a site area of 1,014 sqm
• Prime opportunity for a current supermarket owner operator to move straight in.
• Supermarket tenancy includes a modern, full-line current version Woolworths fit out.
• Opportunity to ‘reposition’ centre to account for Busselton’s rapid population growth.
• Busselton is forecast to grow from 38,000 to 55,000 residents by 2026, as reflected by growth of 3.8% pa. over the past 10 years, compared to the WA average of 2.1% pa.
• As at January 2020, 8 out of 9 speciality tenancies are leased, with a WALE of 3.26 years.
• Strong rent review mechanisms underpin solid income growth.
• Service station situated on individual title allows for opportunity to on-sell separately.
• Approximately 500m from the recently revamped Busselton Foreshore precinct and the iconic world heritage listed Busselton Jetty.
• Future re-development potential with bonus plot ratio incentives (STCA) allowing for potential mixed-use development in the vicinity of 5-6 levels providing stunning ocean views of Geographe Bay.

For more information, please contact Andrew Woodley-Page on 0438 939 869.

Price:Price upon application.
Address:36-38 Duchess Street
City:Busselton
State:WA
ZIP:6280
Square Feet:Building: 4,134sqm | Land: 10,139sqm
Garage:160 Car Bays
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