64 Bussell Highway, COWARAMUP WA 6284
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- 7 Apr 2017
For the Astute Investor
One of the iconic buildings in the growing town of Cowaramup is this character stone and timber premises. Now comprising 4 rental spaces sitting on 1264sqm, this fully tenanted property sits right in the centre of this attractive growing town.
23m frontage to Bussell Highway, rear access and parking, there is a convenience aspect for tenants and patrons alike.
The Augusta Margaret River Shire Town Strategy in 2005 planned to grow the town from 600 to 3000 residents. As of 2015, our population has grown to 1050 and currently has 2 new housing developments underway, another 2 planned and a third set for future development. This augers well for increased commercial needs from the residents in the town.
At the same time, with the advent of Cowaramup's herd of cows, it is now seen as a prime destination for tourists who land anywhere in the cape to cape region. At anytime during the day tourists can be seen enjoying the ambience, cows and goods on offer. Tourism is also a commercial driver in the town.
So well positioned and with a vibrant mix of tenants including cafe, several retail premises and consulting room, this opportunity indicates a future longevity hard to beat.
Take the time to investigate further.
$1,640,000 (GST as a Going Concern)
For further information, contact Jill 0418 933 345
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
64 Bussell Highway COWARAMUP