63 Bussell Highway, COWARAMUP WA 6284
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- 9 x Onsite parking
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- 9 Dec 2016
A Premium Freehold Investment in Cowaramup's Centre
Dominating a high profile location on Bussell Highway sits this long standing Cowaramup building, housing an iconic, well respected local business. It is centrally positioned in the commercial heart of the town, with frontage to Bussell Highway and access from Hall Road and a rear laneway on a 1054sqm lot. It is readily accessed by pedestrians and with plenty of public parking.
A premium location encompassing a long term lease from a quality business with a proven track record and longevity in the region is sure to secure the long term value of this property.
Cowaramup is a satellite town in the shire of Augusta Margaret River located quite centrally to the Margaret River Wine Region. Highly recognised as a minor tourist destination for its quirky cow herd and boutique retail stores, the town has received constant and increasing interest from tourists and new residents. The population is steadily growing from about 600 in 2005 to approximately 1100 now with the growth escalating in the past few years.
Investigations have been undertaken to determine future potential uses of the site. Copies of previous shire applications are available should you wish to view them. A current rental appraisal has also been sought and is also available.
This is a canny investment in a town with excellent future growth potential and I am very happy to arrange an inspection should you wish.
$1,100,000 (sold as a going concern) or + 10% GST = $1,210,000
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
63 Bussell Highway COWARAMUP