- CBD Landmark Building
- Building Area: 1,166sqm*
- Corner Location
- Land Area: 946sqm
- Ground Floor Leased
When talking about iconic buildings in the Bunbury CBD, they don't get much better than the former Cronshaw's Building. Commercial Realty is excited to present this unique property for sale which has affectionately remained in the Cronshaw family for the last 57 years !
This heritage listed two storey rendered brick and iron building totalling 1,166sqm* is situated on the prominent corner of Victoria and Wellington Streets, within the heart of the Bunbury CBD directly opposite another iconic building in the Rose Hotel.
This property speaks to all buyers with a passion for history and architecture. As an Investor seeking an immediate commercial rental income from the ground floor; a Developer seeking creative uses for the first floor or an Owner Occupier wanting to establish a professional office on the first floor while generating an income below.
Originally built in 1937 this inter-war architectural building with its recognisable Art Deco styling is truly a landmark building of Bunbury. Apart from the building's architectural significance in Bunbury, it is also recognised for its social significance as "a gathering place in the town centre precinct that contributed to a sense of place and social cohesion" which many urban planners and architects today are trying to emulate in their developments. The ground floor area has largely been utilised as retail shop space since 1937 and while the upstairs area has only been used for storage in recent times, up until the end of the last century it was utilised for residential then office accommodation.
The current owners have in more recent times undertaken significant restoration work to the building in collaboration with a heritage architect, heritage builder, structural engineer and the Heritage Council of WA. The majority of the work has been completed externally ensuring the building is structurally sound while maintaining the integrity of the buildings design and construction.
More specifically the ground floor area comprises three (3) commercial tenancies totalling 766sqm*. Tenancy 1 and 2 are combined totalling 446sqm* with frontage to Victoria and Wellington Streets, while Tenancy 3 being 320sqm* fronts Wellington Street and is separated by a central accessway. Tenancies 1 and 2 are home to Intersport Bunbury who have operated from the premise as a sports and leisure store since early 2000's, while Tenancy 3 is home to a Church Group who prior to moving to the premise in 2017 were operating in the CBD for 16 years.
The first floor comprises 18 rooms plus 2 bathrooms totalling 400sqm*, arranged off an outer corridor with a central atrium feature which has largely remained untouched since the early days, providing for some historic wonders. Surprisingly however apart from some remedial work to the rendered walls, bathroom and ceiling, the upstairs area featuring original jarrah floorboards and restored balconies provides any buyer with a good framework to renovate or refurbish. (*approximately).
The property is zoned 'Regional Centre' under Local Planning Scheme No.8 which provides some exciting options in relation to 'mixed use' developments and the increased flexibility of this Scheme means that your vision is now less limited by building size, design and use.
Note: Land and Building for sale only. Business is not for sale.
Priced at Offers Over $1,850,000 Going Concern
Opportunities like this rarely present. To be a part of the property's new history
Contact exclusive Selling Agent Geoff Hill for further details.
Please note, whilst all care and attention are taken, all representations and references are approximate only. Any boundaries shown are provided as a guideline only. Interested parties should carry out their own due diligence, including a visual inspection, before entering into any offer/contract.
