Scenery just the beginning at Blue Mountains Bunnings
Most property buyers turn to New South Wales’ famous Blue Mountains for the lifestyle or a major tree change.
But it will be investors who descend on the popular region next month when a rare opportunity to buy a Bunnings Warehouse presents at Katoomba.
The brand new store, about 100km west of Sydney, will be auctioned on Tuesday, September 11.
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With leases to the Wesfarmers-owned hardware giant highly prized, interest is expected to be sky-high for the Katoomba property.
The Megalong St corner site has a new 10-year lease and could remain as a Bunnings for almost 60 years, with options on the contract extending to 2076.
Initially attracting an annual rental income of $480,000 per annum, with annual 2.5% increases, the property spans more than 12,000sqm and sits within Katoomba’s large format and industrial precinct.
The Katoomba Bunnings is being marketed by Stonebridge Property Group’s Philip Gartland and Lincoln Blackledge.