This property represents a once in a lifetime opportunity to secure this 1,452m2 corner site located directly opposite the main entry to BUNNINGS and the Busselton Home Maker Complex.
Featuring a significant street frontage of 64.09 metres to Strelly and Goldsmith Streets, with Strelly Street being a major traffic thoroughfare linking the Busselton Bypass to Causeway Road and on to the Busselton town centre.
The property is tenanted by Kleenheat Gas (forming a part of the Wesfarmers Group) providing holding income from a renowned Australian brand, whilst you progress development approvals. Current annual rent of $50,000 plus gst and outgoings.
The Improvements comprise a brick and iron showroom/office and warehouse development originally constructed circa 1980's which has been internally partitioned and airconditioned, and provides a reasonable standard of commercial accommodation.
This property is located in the burgeoning Busselton Light Industrial Area which services the surrounding City of Busselton. The region is considered as a strong economic growth centre complete with a skilled labour force, an attractive climate and enviable lifestyle, but first-class facilities, modern technology and advanced business infrastructure.
The leading economic driver within the City of Busselton and second leading driver in the South West; the construction industry is responsible for $932.6 million* of the City's gross revenue each year. In 2018 the value of the private housing and dwelling sector was $179.7 million and $189.4 million for residential buildings. In the South West, $649.2 million worth of building approvals were recorded by the Australian Bureau of Statistics for the 2018/19 period. Over the past few years the development of several new residential estates including estates in Vasse and Port Geographe and major projects like the Busselton Margaret River Airport have contributed to the increase of dollars spent within the City's construction industry. By 2026 it is estimated that the City of Busselton's population will reach 55,000*, making it a growing region for future housing and supporting infrastructure developments.
The South West's transport infrastructure network includes extensive road, rail and port facilities designed to accommodate the demands of various industries. Linked to the capital city of Perth via modern bitumen-sealed roads, the City of Busselton is accessible by major roads including the Forrest Highway, South Western Highway and Bussell Highway. The newly upgraded Busselton Margaret River Airport services both private and commercial activities, including transporting fly in fly out (FIFO) workers to the North West of Western Australia iron ore mine sites, providing freight options for agriculture and manufacturing industries and supporting the region's growing tourism sector with commercial flights to and from Melbourne to commence in mid-2021. The Busselton Margaret River Airport has the capability to service narrow and wide bodied aircraft operations to destinations such as Melbourne, Sydney, Denpasar, Singapore, Hong Kong and China.
For investors looking to be a part of this economic hotspot, there are commercial opportunities available. The Central business districts in Busselton and Dunsborough offer tourism and retail opportunities, while industrial land located in Busselton and Vasse industrial area is available for commercial and manufacturing developments. There's also huge potential to export agricultural produce and high-valued goods manufactured in the region, and to invest in the current and future infrastructure required for a growing population.
The property is offered For Sale by Expressions of Interest.
For further details regarding the property and tenancy, please speak to the selling agent Matt Snaddon 0488280020.
*Please note the seller reserves the right to sell the property prior to the closing date without further notice.
