The freestanding Bunnings in Swan Hill Victoria is being offered to market by way of Public Expressions of Interest campaign, through exclusive selling agents Savills National Retail Investments. The subject property, located at 74 Nyah Road, Swan Hill was built in 2015 and sold by Bunnings on a 12-year sale and leaseback. Subsequently, in 2019 the new owners carried out significant upgrade works and a store expansion, which resulted in Bunnings agreeing to an extended lease.

The commanding property occupies a site area of 16,638 sq m and total building area of 6,666 sq m comprising main warehouse, timber trade, building material yard and outdoor nursery and offers 140 on grade car spaces. Bunnings Swan Hill is being offered with a 14-year net lease expiring November 2029 with Bunnings responsible for all outgoings including Land Tax. Bunnings net leases have long been one of the biggest drawcards for investors as well as the guaranteed growth prospects offered by way of 2.5% fixed annual increases.

Strategically situated in the heart of Swan Hill’s main activity centre, Savills Director of Retail Investments Rick Silberman says “we have noticed a significant increase in appetite for Bunnings investments over the past two years from a range of different buyer groups. They have always been in favour due to their defensive and blue-chip attributes however you could make a strong case that they have now become the most sought-after investment grade asset class across all retail categories. There is a severe imbalance between the level of demand for Bunnings assets and their availability, which is further demonstrated by the fact that this is the first Bunnings to be brought to market in Victoria in 3 years.”

More so than ever, investors are seeking fundamental security and long-term growth prospects from their retail investments. Bunnings leases are widely accepted as being ‘Landlord friendly’ and are underpinned by the Wesfarmers covenant which offers peace of mind in an uncertain climate.

“Further strengthening the investment case for Bunnings Swan Hill is its location. The Swan Hill region has experienced significant growth over the past decade, led by the expansion of agricultural practices and supported by an innovative manufacturing sector. Swan Hill is the regional service centre to 38,000 people, supporting 9,462 jobs and has an economic output of $2.964 billion.

To request a copy of the Information Memorandum please contact the marketing agent Savills National Retail Investments Director Rick Silberman via the contact details below.