Bunnings Warehouse Bathurst, a blue chip investment with unsurpassed scale and exposure, is set to be offered for sale by Stonebridge Property Group.
Positioned within the major residential growth precinct between Bathurst and Kelso, on the corner of Great Western Highway (A32) and Stockland Drive, Bunnings Bathurst will be secured by a brand-new 12 year net lease with options to 2077.
The property benefits from a substantial site area of approximately 2.735ha and significant exposure provided by two street frontages that offer multi-directional access.
Stonebridge Director, Philip Gartland expects strong interest from high net worth investors, given the unique and highly desirable investment opportunity with only 7 Bunnings Warehouses being taken to market in 2016 – only 1 in NSW.
“The 2015 expansion of Bunnings Warehouse Bathurst saw the Gross Lettable Area of the store increase by 72% from approximately 8,300sqm to over 14,272sqm. This reinvestment by Bunnings highlights the stores’ strong performance and the dominance of the site on which it sit.”
“With a variety of co-located large format retailers – including The Good Guys, Officeworks, Pillow Talk and Super Cheap Auto – Bunnings Warehouse Bathurst is perfectly located to benefit from the significant population growth predicted for the Greater Bathurst Region.”
Bunnings Warehouse Bathurst is for sale by Expressions of Interest closing Wednesday 16th November 2016.