12 Stephen Street Bunbury WA 6230
- Shop & Retail
- 210 m²
- For Sale, $750,000 No GST
CBD Double Storey Building - Prime Investment Opportunity
12 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 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:
* Water park
* 4-storey office development to house 400 government employees
* Apartment buildings
* Port is about to expand
* Road and kerbing upgrades have been completed
* Waterfront of the City upgrades.
A major lithium processing plant has been constructed and about to become operational which has rendered the city short of accommodation.