JLL, as exclusive selling agents, are pleased to present to market a freehold 50% JV interest in Vasse Estate, the most prominent estate in regional Western Australia.
Vasse is an award-winning estate situated 230 km south of Perth, which upon completion will be home to approximately 6,500 residents. The estate contains key amenities including a bustling town centre comprising of a Coles Supermarket, McDonald's, Shell Express and Vasse Village by Bunbury Farmers Market; Vasse Primary School and Cape Naturaliste College.
Vasse Estate is perfectly positioned between the City of Busselton and world-famous tourism towns, Dunsborough, Yallingup and Margaret River providing immediate access to an abundance of employment opportunities and world-class lifestyle destinations.
Investment Highlights:
- Freehold 50% JV interest offered in a fully operational master-planned residential estate with 1,500 lots developed and over 1,100* lots to be delivered
- Opportunity to undertake the development manager role as well as project manager and project sales functions
- Offering comprises approved future residential, commercial and industrial stages, plus additional englobo residential with structure planning underway, and balance rural land, totalling 164 ha of land area
- Already thriving Vasse Village town centre anchored by strong trading Coles Supermarket and soon to open Vasse Village by Bunbury Farmers Market
- Strong and sustainable population growth projections of 2.1% per annum to 2031
- Booming residential market with Vasse and surrounding suburbs, Abbey, Broadwater, West Busselton, Busselton and Yalyalup all achieving average median house price growth of over 10% per annum since 2020
- Benefit from the $1.49 billion Wilman Wadandi Highway opening in December 2024, reducing travel time from Perth to Vasse by almost 20 minutes
- Only 15 minutes from recently expanded Busselton Margaret River Airport now servicing Sydney, Melbourne and Perth, plus mines operated by Rio Tinto, BHP, Fortescue and Roy Hill
- Leverage off Western Australia's chronic housing shortage with demand generated by current population growth outpacing new supply by a factor of three
All figures stated are approximate only
*Subject to statutory approval
Vasse Estate is offered For Sale via two-stage sale process, with initial Registrations of Interest closing Thursday 12 December 2024 at 2:00pm (AWST)
For further information, or to request access to the data room, please contact the exclusive selling agents below.
