First National Real Estate Busselton are pleased to offer to the market 37 Frederick Street, Busselton for sale by Expressions of Interest closing 4pm 24 November 2023.
This represents a unique opportunity to acquire a long-term leased industrial investment property located in the popular South West of WA. The property encompasses a 1948 square metre site zoned Light Industry, and improved with a contemporary drive-through facility and industrial building. The property is Leased to Kwik Koffee (Busselton) Pty Ltd.
The Kwik Koffee group has been servicing the Busselton Community for over 15 years and locally at Frederick Street facility since 2013. With long term experience in the Coffee market, Kwik Koffee has become one of the most prominent and sought after providers. Please note this sale relates to the property only and not the Yahava Kwik Koffee business interest.
With its excellent location, 37 Frederick Street presents as a solid property for investors looking for a key site in a prominent position within the area.
Location:
The property is situated on the Eastern side of Frederick Street, at its intersection with Plackett Way, approximately 150 metres from its intersection with Barlee Street. Barlee Street links to Strelly Street which is a prominent local route linking the Busselton By-pass to the Busselton town centre via West Street. Frederick Street links to College Avenue which services the surrounding residential locality. The Busselton City Centre is located 1 kilometre to the north and is located approximately 220km southwest of the Perth CBD.
Property Description:
The property is situated in a well-located established Industrial area and is improved with a circa 1980's built low roof metal shed and drive-through facility leased to Kwik Koffee (Busselton) Pty Ltd WA, who have been long-standing tenants at the property.
Title Details:
An Estate in fee simple being Lot 18 on Plan 10018 and being the whole of the land contained within Certificate of Title Volume 1551 Folio 978. There is one caveat on the Title pertaining to the Lease.
Demographic:
The City of Busselton has been recognised as one of Australia's fastest growing regions and is a 'hub' in Western Australia's south-west region. Busselton is expected to benefit from annual population growth of approximately 4% and reach 55,000 residents by 2026.
Occupancy Status:
Leased to Kwik Koffee (Busselton) Pty Ltd, providing a current net annual rent of $29,040 (excluding GST).
Lease Term - 5 years commenced 1st April 2023 with 3 further 5 year options.
Method of Sale:
For Sale by Expressions of Interest closing 4pm 24 November 2023
It must be noted that the drive-through coffee building on the site has been developed by the Lessee and remains the property of the Lessee. Accordingly, this structure is not included in the sale. We confirm the second structure is included in the sale.
For further information please contact the selling agent Matt Snaddon 0488280020.
**Prior to purchasing the property First National Real Estate Busselton requires the buyer to conduct their own due diligence including verification of details the agent has advised to you. The information provided to the agent comes from the vendor (and other 3rd parties including Landgate and local government authorities) and we confirm as agent we have no independent knowledge of the correctness of the information.
