18 Wittenoom Street, Bunbury, WA 6230

Retail

For Sale $550,000

  • Property ID: 332835
  • Floor Area: 212m²
  • Land Area: 293m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the node (FTTN)
  • Cafes: 20+ nearby
UNDER INSTRUCTION FROM THE AGENTS FOR THE MORTGAGEE IN POSSESSION OF THE PROPERTY

An exceptional opportunity to acquire an inner-city Bunbury restaurant with a long history of cash flow.

Tenant details:
- Leased to Jo's Curry House (Separate to the owner)
- Leased until 2025** with a further 5-year option
- Net rent of $42,498.72pa

The property consists of a 212sqm*, 50 seat restaurant on 293sqm* of land, 2 fully equipped kitchens, male & female toilets and a courtyard. The property is fully tenanted for a further 6.5 years** plus a further 5-year option.

Located in inner-city Bunbury the property is walking distance to shops, entertainment centres and landmarks including Centrepoint Bunbury, Bunbury Regional Entertainment Centre, Bunbury Foreshore and Koombana Bay. The City of Bunbury has a population just over 33,000 and continues to grow every year making this property a wise investment choice.

For further information or to arrange an inspection, please contact:

Brett Wilkins
Ray White Commercial (WA)
M: 0478 611 168
E: brett.wilkins@raywhite.com

Lachlan Burrows
Ray White Commercial (WA)
M: 0499 552 296
E: lachlan.burrows@raywhite.com

* Approximately
** Agreed, subject to execution of a Deed of Variation

Bunbury Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $85 ---
Retail $1887 $154 8.17%
Offices --- $366 ---
This is the average advertised price, rent and yield for Bunbury, WA 6230*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Cafes - Number of cafes located within 500 metres of 18 Wittenoom Street, Bunbury, WA 6230. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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