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CBD Double Storey Building - Prime Investment Opportunity
FROM $650,000 (as going concern)
12 Stephen Street, Bunbury
1
Profile
Stephen Street is in the CBD of Bunbury in the South West of WA.
This building has the ability for development of an upstairs apartment of 80m2 and already has a secure tenant in the downstairs portion.
The barber wishes to extend the current lease.
The search for a tenant for the upstairs section of the building is underway.
Rental returns on Commercial Property are between 6% and 7% per annum in this precinct.
Bunbury is undergoing significant infrastructure upgrades with a number of developments occurring near the CBD, namely:
* Ongoing Apartment buildings
* Bunbury Outer Ring Road upgrades are close to completion
* Waterfront and City upgrades is ongoing
This building has the ability for development of an upstairs apartment of 80m2 and already has a secure tenant in the downstairs portion.
The barber wishes to extend the current lease.
The search for a tenant for the upstairs section of the building is underway.
Rental returns on Commercial Property are between 6% and 7% per annum in this precinct.
Bunbury is undergoing significant infrastructure upgrades with a number of developments occurring near the CBD, namely:
* Ongoing Apartment buildings
* Bunbury Outer Ring Road upgrades are close to completion
* Waterfront and City upgrades is ongoing
Features
WHB34654
Property ID
130 sqm approx.
Land Size
210 sqm approx.
Building Size
Links
Brochure
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