- Three (3) Tenancies
- Gross Lettable Area: 615 sqm
- Central CBD
- Land Area: 1,015 sqm incl ROW
- Zoned 'Regional Centre'
- Redevelopment Potential
- Vacant Possession or Leased
Commercial Realty is pleased to offer this exciting opportunity in the heart of the Bunbury CBD and hospitality precinct.
This property offers something for all buyers with the flexibility of vacant possession or as a leased investment.
Refurbish, Renovate or Redevelop ... you decide.
Currently the property consists of three (3) adjoining tenancies totalling circa 615sqm of gross lettable area, situated on an elevated 962sqm commercial lot with rear access via a ROW and an impressive 25.81m frontage to Victoria Street.
More specifically:
Tenancy 1: 265.70 sqm gross lettable area. Rectangular layout comprising aluminium glazed shop front doors and windows, open service area and rear commercial kitchen and preparation area, with toilets and rear access to ROW.
Tenancy 2: 138.10 sqm gross lettable area. Rectangular layout comprising aluminium glazed shop front doors and windows, open service area, rear commercial kitchen and preparation area and toilets plus rear access to ROW.
Tenancy 3: 210.70 sqm gross lettable area. Rectangular layout comprising timber glazed bi-fold entry doors and windows, open service area, rear commercial kitchen and preparation area and toilets plus rear access to ROW.
A rear Right of Way (ROW) totalling 53sqm provides convenient rear access to the property via Eliot Street to the north.
Tenancy 2 is currently leased and Tenancy 3 is occupied, both on short terms basis, while Tenancy 1 is currently vacant. The current occupants have expressed a desire to remain at the Property should you wish to negotiate new lease terms, however if you are looking to redevelop the site, there is flexibility to have vacant possession in the short term.
The property is located on the western side of Victoria Street in the heart of the Bunbury CBD and nestled between two landmark buildings in the Bunbury Office Tower (11 storeys) and the Ommanney Building (3 storeys) plus within close proximity of the Bunbury Regional Entertainment Centre (BREC) and Hoyts Grand Cinema Complex, together with other popular shops, eateries, cafes and nightlife. Additionally a proposed 12-storey hotel development complete with restaurants, bars, swimming pool, playground and a rooftop lounge is expected to be developed directly opposite the property on the 1.46ha lot fronting the Leschenault Inlet owned by the City of Bunbury and accommodating BREC.
With its current zoning of 'Regional Centre' under Local Planning Scheme No.8, this property would be suitable for a large variety of operations including but not limited to an Art Gallery, Car Park, Civic Use, Club Premises, Community Purpose, Consulting Rooms, Convenience Store, Convention Centre, Educational Establishment, Exhibition Centre, Family Day Care, Fast Food Outlet, Home Business/Office, Lunch Bar, Medical Centre, Multiple Dwelling, Office, Place of Worship, Recreation-Private, Restaurant / Café, Serviced Apartment, Shop, Trade Supplies or Veterinary Centre plus other discretionary / advertised uses including Aged Persons Complex, Bed and Breakfast, Showroom, Funeral Parlour, Hotel, Motel, Nightclub, Residential Building, Small Bar, Tavern, subject to City of Bunbury Approval. The increased flexibility that Local Planning Scheme No. 8 provides means that your vision is now less limited by building size, design and use.
If you are either an owner occupier or investor looking for a central commercial property that has strong street visibility, rear access with a great nearby mix of eateries, cafes, restaurants, entertainment, retail services and professional offices plus development flexibility, then this property should be at the top of your list.
For Sale by 'Expression of Interest' closing Thursday 19 December 2024 at 4.00pm (AWST)
Information Memorandum and Expression of Interest form available on request.
Contact exclusive selling agent Geoff Hill for further details or to arrange an inspection.
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.
