FULLY LEASED INVESTMENT OPPORTUNITY - PRIME BUSSELTON LOCATION
Now available for sale is this prominently located 1,638sqm industrial property positioned on the Barlee Street thoroughfare.
With the recent redevelopment of the Barlee Street and Strelly Street intersection, Barlee Street has now become a prominent traffic thoroughfare linking to West Street and on to the Busselton retail precinct.
This property benefits from having TWO strata titles (both sold together) and improved with a solid brick and iron building Leased to two long term tenants returning $41,145pa net. The front tenancy space comprises a lunch bar and the rear tenancy is utilised as the office warehouse of a local service contractor. Please note this sale is for the freehold property only and does not include the businesses.
With the benefit of having both lots there are plentiful options including investigating further development on the site or simply holding the existing property for the investment return. The total site area including 2 strata lots is 1,638sqm.
This property is located in the burgeoning Busselton Light Industrial Area which services the surrounding City of Busselton. The region is considered as a strong economic growth centre complete with a skilled labour force, an attractive climate and enviable lifestyle, but first-class facilities, modern technology and advanced business infrastructure.
The leading economic driver within the City of Busselton and second leading driver in the South West; the construction industry is responsible for $932.6 million* of the City’s gross revenue each year. In 2018 the value of the private housing and dwelling sector was $179.7 million and $189.4 million for residential buildings. In the South West, $649.2 million worth of building approvals were recorded by the Australian Bureau of Statistics for the 2018/19 period. Over the past few years the development of several new residential estates – including estates in Vasse and Port Geographe – and major projects like the Busselton Margaret River Airport have contributed to the increase of dollars spent within the City’s construction industry. By 2026 it is estimated that the City of Busselton’s population will reach 55,000*, making it a growing region for future housing and supporting infrastructure developments.
The South West’s transport infrastructure network includes extensive road, rail and port facilities designed to accommodate the demands of various industries. Linked to the capital city of Perth via modern bitumen-sealed roads, the City of Busselton is accessible by major roads including the Forrest Highway, South Western Highway and Bussell Highway. The newly upgraded Busselton Margaret River Airport services both private and commercial activities, including transporting fly in fly out (FIFO) workers to the North West of Western Australia iron ore mine sites, providing freight options for agriculture and manufacturing industries and supporting the region’s growing tourism sector with commercial flights to and from Melbourne to commence in mid-2021. The Busselton Margaret River Airport has the capability to service narrow and wide bodied aircraft operations to destinations such as Melbourne, Sydney, Denpasar, Singapore, Hong Kong and China.
For investors looking to be a part of this economic hotspot, there are commercial opportunities available. The Central business districts in Busselton and Dunsborough offer tourism and retail opportunities, while industrial land located in Busselton and Vasse industrial area is available for commercial and manufacturing developments. There’s also huge potential to export agricultural produce and high-valued goods manufactured in the region, and to invest in the current and future infrastructure required for a growing population.
For further details regarding the property and leases please speak to the selling agent Matt Snaddon.
Remember to mention you found this property on CommercialReady.com.au
