22 Hawkins Street
East Bunbury WA 6230
Offers Over $3,900,000
Solid Commercial Property Investment with Further Development Opportunities.
This property offers a solid investment opportunity and is situated in a high traffic flow area in East Bunbury and is close to major shopping centers, the Bunbury train station, other well recognized brand businesses, and is only minutes from the city center.The existing property is a tilt panel and iron constructed building and is 1208m2 in size and part of a total land size of 6188m2. (see the attached floorplan)
There is great development potential with this property, with 3735m2 of prime commercial land at the rear of the existing building that can be developed into additional tenancies and produce a stronger yield on your investment and lift the property to its highest and best use. ( Subject to City of Bunbury Approvals)
The property is leased by a long term quality tenant until January 2029, with a further options in place until 2036 and fixed rental increases of 4% annually, which provides a strong return on your investment.
+ Existing Tenancy 1208m2
+ Development Opportunity
+ Balance Of Land 3735m2
+ Total Land Holding 6188m2
+ Strong Long Term Lease In Place
+ 4% Rental Increases Annually
+ For GST Purposes This Property Will Be Sold As A Going Concern
Call or email me for a full IM on this property.
** Buyers note 1: The owners are selling the established building and vacant land only (as a going concern) and buyers should do their own Due Diligence, Investigations and Enquiries on the property prior to entering into a contract to purchase. If any portion of the Sale is determined to be subject to GST the buyer will be responsible for payment of any GST payable.
** Buyers Note 2: All measurements/dollar amounts are approximate only. Boundaries marked on images are a guideline and are for visual purposes only. Buyers should complete their own due diligence, including checking with local authorities regarding the property use and zoning. Buyers should also do a visual inspection of the property before entering into an offer/contract and should not rely on the photos or text in this advertising in making a purchasing decision.
Features
General Features
- Land Area: 6,188sqm
- Commercial Type: Land/Development
- Building Area: 1,208sqm
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Enquire about 22 Hawkins Street, East Bunbury, WA, 6230