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