ESTABLISHED RETAIL INVESTMENT | 3,263 SQM LANDHOLDING
FOR SALE: $4.5 million to $5 million (going concern)
An exceptional opportunity to secure an established neighbourhood shopping centre in one of Greater Bunbury’s most prominent and strategically positioned retail precincts.
Sandridge Village Shopping Centre represents an attractive investment proposition, combining an established rental income stream, diversified tenancy profile, substantial underlying landholding and genuine opportunities for further income enhancement and future development.
Strategically positioned between Sandridge Road and Strickland Street in East Bunbury, the property occupies a highly visible commercial location immediately adjoining Bunbury Forum Shopping Centre, one of the region’s major retail destinations.
Comprising approximately 3,262sqm of land and 1,116sqm of existing retail and commercial improvements, Sandridge Village offers investors the opportunity to acquire an established income-producing asset with scale, exposure and longer-term potential.
THE INVESTMENT OPPORTUNITY
Currently the property provides an established income stream across a diversified mix of retail, hospitality and essential service operators.
Further enhancing the proposition are two currently vacant retail tenancies, comprising approximately 152sqm, presenting an immediate opportunity for an incoming purchaser to increase occupancy, strengthen rental income and enhance the overall investment performance.
This combination of established income and identifiable value-add potential provides an attractive proposition for investors seeking both current cash flow and future asset enhancement.
KEY INVESTMENT FUNDAMENTALS
• Price Guide: $4,500,000 – $5,000,000 (Going Concern).
• Land Area: 3,262sqm approximately.
• Building Area: 1,116sqm approximately.
• WALE: 38.64 months (3.22 years).
• Tenancy Configuration: 11 tenancy positions.
• Current Vacancy: Two retail tenancies totalling approximately 152sqm.
• Parking: Substantial onsite customer and staff parking.
• Street Profile: Dual frontage and access opportunities via Sandridge Road and Strickland Street.
• Future Potential: Scope for further building expansion and site optimisation, subject to relevant approvals.
DIVERSIFIED TENANCY PROFILE | ESTABLISHED LOCAL OPERATORS
The centre benefits from an established and varied tenancy mix, incorporating recognised operators across retail, hospitality, food services and essential business services.
Existing occupiers include:
• Racing and Wagering WA (TAB)
• Noodle Wok
• Cozensa’s Kitchen
• Bunbury Kebab and Turkish Bakery
• Bellamira Collection
• DX Print Group
• Bunbury Forum Laundrette
• Grid Investment Group (Pasta Cup)
The diversity of occupiers contributes to the centre’s established neighbourhood retail offering, catering to everyday consumer requirements and supporting a broad range of commercial activity.
With two vacant tenancies currently available, the incoming purchaser has the opportunity to introduce additional occupiers and further diversify the rental income profile.
STRATEGIC RETAIL LOCATION | EAST BUNBURY
Location and exposure are fundamental to successful retail property investment, and Sandridge Village benefits from an established position within Greater Bunbury’s principal retail and commercial catchment.
Located directly adjoining Bunbury Forum Shopping Centre and Red Rooster, the property benefits from its proximity to established major retail operators, residential catchments and significant daily vehicle movements.
The centre enjoys excellent connectivity, with convenient access to the Eellup Rotary and major regional transport infrastructure, including:
• Forrest Highway.
• South Western Highway.
• Bunbury Outer Ring Road.
• Greater Bunbury’s established industrial and commercial precincts.
The combination of prominent positioning, convenient accessibility, established retail activity and onsite parking reinforces the property’s appeal as an established neighbourhood shopping destination.
SUBSTANTIAL LANDHOLDING | FUTURE DEVELOPMENT OPPORTUNITY
Beyond its established rental income, one of the property’s most compelling attributes is the scale of its underlying landholding.
With approximately 3,262sqm of land accommodating an existing building footprint of approximately 1,116sqm, Sandridge Village offers an incoming purchaser considerable site flexibility and longer-term potential.
The substantial land component provides scope to investigate future building expansion, additional improvements, improved site utilisation or alternative development strategies, subject to planning, statutory and relevant authority approvals.
For investors with a longer-term perspective, this represents an opportunity to secure an established income-producing retail asset while retaining the potential to further enhance the property’s underlying value.
BUNBURY | THE SOUTH WEST’S COMMERCIAL & ECONOMIC HUB
As the principal commercial centre of Western Australia’s South West, Greater Bunbury continues to service a diverse regional economy supported by established retail, industrial, manufacturing, logistics, construction, healthcare, agriculture, tourism and professional services sectors.
Its regional significance, established population base and extensive surrounding trade catchment underpin its position as an important destination for retail and commercial activity beyond metropolitan Perth.
Bunbury continues to attract businesses and investors seeking opportunities within established regional markets, with well-located commercial property offering the potential to benefit from ongoing economic activity and regional demand.
Sandridge Village is strategically positioned to participate in this established commercial environment, offering investors a combination of existing income, tenant diversity, location fundamentals and longer-term asset potential.
THE BOTTOM LINE – ESTABLISHED INCOME. DIVERSIFIED TENANCIES. IMMEDIATE LEASING UPSIDE. SUBSTANTIAL LANDHOLDING.
Sandridge Village Shopping Centre presents an opportunity to acquire a sizeable, established retail investment in one of Bunbury’s most recognisable commercial locations.
Whether seeking an established regional income-producing asset, an opportunity to enhance rental returns through further leasing, or a property with longer-term development potential, this is an investment worthy of serious consideration.
For further information, a comprehensive tenancy schedule, financial particulars or to arrange a confidential inspection, please contact the exclusive selling agent.
EXCLUSIVE SELLING AGENT – KEIRAN DAGGETT MLV Property South West 0427 902 106
DETAILS
LAND AREA
3,262 m²
BUILDING AREA
1,116 m²
ZONING
District Centre
AGENTS
Keiran Daggett
0427 902 106