Investors with a passion for history and architecture and / or creative, artistic owner occupiers seeking a holding income prior to relocating their business, opportunities like this rarely present, in fact the last two owners have held this property for some 60 years !
This heritage listed two storey brick and zincalume building totalling approximately 990 sqm of retail and commercial space is situated within the Bunbury CBD, bookending the sought-after tree lined cappuccino strip showcasing some of Bunbury's best cafes, boutique shops and restaurants.
A grand entrance akin to the buildings former theatre days welcomes you off the full length verandah fronting Victoria Street, leading to a central ground floor retail/commercial space and vintage timber staircase. The entrance is flanked by two small boutique retail spaces in keeping with the building's character appeal providing full width shop display windows and direct street access.
The first floor has a split-level layout creating appealing spaces for multiple work areas or tenants. The main staircase initially accesses three (3) neatly appointed rooms which could be utilised as offices, display, boardroom or alike. This in turn leads to the showpiece of the building being an expansive 325sqm split level area which certainly has the wow factor, with the look and feel of a New York style warehouse loft, boasting eye catching raked Oregon ceilings contrasting with black metal trusses over timber floorboards and decorative arched windows that deliver natural light by day and reveal an exciting city landscape by night. The lower floor area has an appealing open industrial style feel and can be accessed via a rear internal staircase or externally.
Although main access is via the front off Victoria Street, the building also provides other appealing entry points from the side (3) and rear (1) which further add to the buildings overall appeal. The side entry doors are accessed directly off the footpath, while the rear entry is accessed via a rear right-of-way concrete driveway.
The current owners have recently undertaken significant restoration work to the building both internally and externally in collaboration with a heritage architect and the Heritage Council of WA, while including some modern touches such as a rear staircase, male, female, disabled toilets (with shower), industrial ceiling fan, gas outlet and a 2,000 Litre grease arrestor.
With its current zoning of 'Regional Centre' under Local Planning Scheme No.8, in addition to its current uses, this property would be suitable for a large variety of operations including but not limited to an Art Gallery, Theatre, Civic Use, Club Premises, Community Purpose, Consulting Rooms, Convenience Store, Convention Centre, Educational Establishment, Exhibition Centre, Lunch Bar, Medical Centre, Place of Worship, Recreation (private) or a Restaurant / Café plus other discretionary / advertised uses, subject to City of Bunbury Approval.
The building is currently leased to 3 separate parties. Further details can be found in the Information Memorandum.
This two storey brick heritage building in the heart of the Bunbury CBD will be sure to speak to you on many levels.
For a comprehensive Information Memorandum and private inspection of this iconic property, contact exclusive agent, Geoff Hill.
