Bunnings Clyde North

A Bunnings Warehouse, at Clyde North in Melbourne, is set to be the principal Bunnings store to be sold in metropolitan Melbourne starting around 2015.

Situated inside the City of Casey, the fresh out of the plastic new 16,634 square meter building opened in September 2019.

It will be sold with another 12-year rent on settlement at a net gain of $1.9 million for each annum with fixed yearly surveys.

The exceptionally uncovered 3.7 hectare site, on Berwick-Cranbourne Road, has four road frontages, and leaving for 372 vehicles.

CBRE Director Investments, Justin Dowers who is showcasing the property with Mark Wizel and Kevin Tong, said the property offered forthcoming buyers a long queue of venture credits including critical assessment devaluation benefits.

“This is obviously a quality property with a blue chip occupant, a pristine structure and another drawn out rent inside one of Melbourne’s key development regions. It would be hard to track down one more property which is so quintessentially characterized as a superb business property venture, Mr Dowers said.

As per the ABS, the City of Casey is the third quickest developing city in Victoria and the eighth quickest developing city in Australia.

Clyde North – currently a grounded suburb – is figure to see proceeded with development with private structure endorsements more than 2016/17 up 22 percent.

The property will be sold by means of a global Expressions of Interest crusade shutting down at 5pm, Tuesday, November 12.

Bunnings procured the 3.8 hectare site which cleared a path for the Clyde North store from MAB Corporation in late 2017.

The 16,634 square meter equipment outlet, at the entry of MAB Corporation’s 38 hectare Element Park business park, just opened last September (story proceeds beneath).

The merchant offered it with another long term rent paying beginning yearly lease of $1.904m.

The holding incorporates 372 vehicle leaves.

MAB has as of late finished major roadworks around to the site.

As of now, around 11,000 vehicles pass Bunnings Clyde North.

By 2041, the specialists said, depending on VicRoads information, that number will ascend to around 25,000.

Around 47 kilometers south east of the CBD, the rural area sits inside the Casey region – the third quickest developing in Victoria and eighth broadly.

Last June, nearby engineer Goldfields Group paid $110m for a 71ha Clyde North ranch, reserved for a 1000 parcel in addition to lodging home.

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