Stonebridge & CBRE are pleased to present for sale Busselton Central, a strong-performing Coles & Reading Cinemas anchored neighbourhood shopping centre. The key highlights of the opportunity include: - The dominant retail offering in Busselton, anchored by a Coles supermarket & Reading Cinema plus 4 destinational mini-majors & 31 shops - Major $45 million redevelopment & expansion completed in 2023 providing exceptional depreciation benefit potential - Occupies two high-profile, triple-fronted sites totalling 30,397 sqm* in the epicentre of Busselton CBD, a burgeoning growth & tourism hotspot - Large total trade area of 66,276 people with high population growth of 2.1% p.a. and retail expenditure growth of 4.6% p.a. to 2031^ - Strong income growth prospects with low specialty gross rents, majority annual fixed % or CPI increases and Coles trading near percentage rent - Opportunity for further site intensification with DA approval in place - Estimated fully leased net operating income of $5.07 million p.a.* To obtain further information or to arrange an inspection, please contact the exclusive selling agents at Stonebridge & CBRE. Stonebridge Property Group: Philip Gartland 0403 582 324 Justin Dowers 0438 098 805 CBRE: James Douglas 0419 973 245 ^ LocationIQ * Approximately Property Code: 995
Stonebridge Property Group - Melbourne
Level 19, 627 Chapel Street, South-Yarra, Vic
Immobilie ID: 504624432