Savills & Burgess Rawson are pleased to offer to the market this quality investment leased to Bunnings Group Limited, a wholly owned subsidiary of top 20 ASX company Wesfarmers Limited. The property is well positioned in the prime retail precinct of Kalgoorlie on the eastern side of Boulder Road with exposure to Goldfields Hwy at the rear. Neighbouring National retail brands include TradeLink, Super Cheap Auto, Bedshed, Crazy Clarks and Reece.
Built in 2005 by Bunnings Group Limited, with improvements comprising a single level showroom building with typical Bunnings requirements and standards. External improvements include an outdoor receiving yard to the rear and an outdoor nursery with shade sails fronting Boulder Road. The 175 on site car bays are bitumen sealed and the car park fully lit, easily accessible & landscaped.
Bunnings sales reached A$5.3 billion in the 2007/08 year and Bunnings employ over 26,000 team members. As at December 2008, across Australia and New Zealand Bunnings operate 171 Warehouse stores and 59 smaller format Bunnings stores. As outlined in the Wesfarmers 2008 Annual Report, Bunnings reported an increase in Cash Sales of 13.9% and earnings up 11.6%.
Additional Documentation available upon request include; Depreciation Schedule, Information Memorandum, Phase 1 Environmental Report & Lease Contract.