Invest in this property in the heart of the tourist and wine growing area of the South West region of WA. It is not too late to enter this rapidly growing five-star investment market!
This property gives you the best investment features- ongoing holding income, capital growth, and superb redevelopment potential. The astute investor will have it all.
The property for sale is a fully leased shopping centre in Augusta, set on a flat, elevated, 3063m2 Town Centre site with beautiful ocean and river views. This landmark corner site offers exceptional future re-development options given the flexibility of the Town Centre mixed-use zoning. Options may include residential (short or long term occupancies), commercial and a mix of both. Alternatively, future subdivision into vacant lots is another option.
There is currently over 1000m2 of retail space and excellent parking on this large corner site. The six commercial tenancies are well established and include popular key outlets. The property is ideally located one street back from the main thoroughfare of the town, away from traffic but only a short walk away from cafes, and the hotel.
An added bonus for the investor is the significant income from these tenancies which will provide a substantial holding income whilst options for future use are weighed up.
Augusta is bounded by the Blackwood River, Flinders Bay and the Southern and Indian Oceans. It is regarded as the beautiful jewel in the crown of the established Margaret River wine region. The astute investor will recognize the enormous potential growth in this property: WA regional areas have seen exceptional rising values with 8.8% increase in the first quarter of 2024, the highest across Australia. With recently introduced direct flights from Sydney and Melbourne to nearby Busselton, capital appreciation in the region has a very bright future.
This property is ideal for your superannuation fund or investment portfolio with its income, potential capital growth and the security of prime real estate in a popular southwest seaside town.
Call me now to obtain a full information memorandum.
Disclaimer: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Interested parties should make their own enquiries to verify the information contained in this material. Licensee: Downsouth (WA) Pty Ltd ACN 125 383 628
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