42 Johnston Street Collie WA 6225

Tenanted Investment

Collie is an evolving & dynamic town, located approximately 30 mins east of Bunbury via the Coalfields Highway and approximately 2 hours south of Perth.

This dual tenanted property is situated in the heart of Collie, commanding strong foot & vehicle traffic.

The building is constructed of modern concrete tilt panel, insulated and has an approved energy rating.

Occupying the building are two tenancies with both businesses operating successfully since 2016 and with both tenants happy to remain. Both tenants are on long term gross leases with annual rent reviews of 3% for Red Dot and CPI for Pluss Fitness.
Current gross income is $252,965, which discloses a return of 9.37% on $2.7m.
- Tenancy 1 312m2 Plus Fitness 24/7
- Tenancy 2 648m2 Red Dot
The complex is showing a healthy, consistent return year on year.

Why Collie?
The State Government is opening doors to industries by offering up to $2.7 billion worth of projects under way in Collie and a further $2.4 billion in the pipeline for Collie. The Collie Futures Industry Development Fund is designed to develop new industries and expand existing industries in the Collie region..
Future renewable hub transformation from fossil fuels to green energy.
Tourism & infrastructure projects are creating new opportunities for Collie & it's surrounding communities.

For a confidential discussion on the possibilities of owning this magnificent property or a copy of the Information Memorandum, please contact Keiran Daggett, today.

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.