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Trophy Large Format Retail Investment | Tenants in Occupation for 16+ Years

146 Blair Street (and Strickland Street) , Bunbury WA

Property Highlights

Renewed leases to BCF & Clark Rubber
High exposure 4,008sqm* freehold site
Tenants pay all outs inc Land Tax
Register to Bid

Description

Burgess Rawson are pleased to offer to the market, 146 Blair Street (and Strickland Street), Bunbury WA 6230 for sale via Investment Portfolio Auction 162.

Key Highlights of this property are noted below:
+3.75-year WALE plus options.
+BCF: wholly owned subsidiary of Super Retail Group Ltd, a blue-chip $2.5 billion ASX200 company with a network of 722 stores across Australia, New Zealand and China.**
+Clark Rubber: Iconic Australian retailer with 60 stores nationally, offering top of the range products/services particularly within the pool and spa category.***
+Landlord-favourable, net lease terms with tenants responsible for all usual outgoings including Land Tax.
+Desirable rental reviews across both tenancies, with CPI and fixed annual 2.5% increases.
+Impressive 4,008 sqm* corner site with combined 56m* frontage and exposure to Blair Street, a major commuter road servicing over 20,000 vehicles per day.****
+Large 2,161sqm* building fitted out to the tenants: corporate layout and design, with 49 at grade car park spaces.
+Conveniently situated directly opposite the Bunbury Home Maker Centre, anchored by Bunnings Warehouse, JB Hi-Fi, PETstock, Beacon Lighting, The Good Guys and rebel.
+Bunbury: 180km* from Perth, Bunbury is Western Australia’s second largest city with a population exceeding 193,000 and an annual economic output of $10.9 billion.*****
+Geographical significance of the area evident through ongoing government and privately funded development projects : Set for completion in 2024, the $1.25 billion Bunbury Outer Ring Road project is the biggest infrastructure project ever undertaken in WA’s south-west and will provide new and improved access to the Bunbury Region.******
+Net Income: $463,554 pa* + GST (as at 1 Oct 2023).

To be sold by Investment Portfolio Auction:
10:30am AEST Wednesday 2 August 2023
Crown Casino, Melbourne

*Approximately
** Super Retail Group FY23 Half Year Results
***Clark Rubber
****GapMaps
*****Remplan
******WA GOV

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
4,008 SQM
Building Area
2,161 SQM

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