72 Spencer Street,
Bunbury, WA 6230

- 1,366 sqm Corner Site*
- Dual Street Frontage
- Rear Laneway Access
- 178sqm Modern Building*
- Developer / Investor or Owner Occupier

This high exposure commercial development is being presented to all sectors of the market being developers / investors and owner occupiers.

The site comprises a modern built rectangular shaped, multi-purpose concrete tilt panel structure, providing 3 offices, reception/waiting, kitchen/lunchroom, shower and disabled toilet plus two enclosed wash down bays at either end. The offices total 94sqm* with the wash bays totalling 84sqm*. The remainder of the site is bitumen sealed, with six (6) marked car bays provided to the front of the building. Rear access to site and wash bay is also available off Stockley Road which has a street frontage of 41m*.

The property is currently leased by a car yard business until the end of 2023 after which time you have the flexibility to redevelop, lease or move your business here. Take advantage of an attractive holding income until end of year while you decide on the future of this well located commercial site.

Surrounding businesses are predominately related to the automotive industry with the sites immediate neighbours being Geographe Ford/Bunbury Volkswagen/Bunbury Hyundai and Europcar (Car and Van Hire), while other well-known business nearby include Bunbury Toyota, GWN7, ALDI and Dan Murphy's. Existing site would suit another car yard or display yard or a complimentary use to service the surrounding automotive and national based industries. (* approximate).

With a relatively small site coverage ratio of approx. 13%, the site has potential for future development. Currently zoned 'Mixed Use – Commercial' under Town Planning Scheme No. 8, the site has a number of permitted, discretionary and advertised uses such as but not limited to bulky goods showroom, car park, child care premises, community purpose, consulting rooms, convenience store, educational establishment, family day care, fast food outlet, home office, medical centre, office, recreation – private, residential, restaurant / café, shop, trade supplies and veterinary centre, subject to City of Bunbury approval. Town Planning Scheme No. 8 provides some exciting options in relation to 'mixed use' developments and the increased flexibility of this Scheme means that your vision is now less limited by building size, design and use.

Priced at Offers Over $1,000,000 Going Concern.

Contact selling agent Geoff Hill for further details or to arrange an inspection.

Please note, whilst all care and attention are taken, all representations and references are approximate only. Any boundaries shown are provided as a guideline only. Interested parties should carry out their own due diligence, including a visual inspection, before entering into any offer/contract.