Bunnings Warehouse Epsom is set to the test the market for a product that has long been an investor favourite based on recession-proof non-discretionary-spend tenancy profiles and long leases to blue chip tenants.

Located on Midland Highway, just North of the Booming Bendigo CBD, the commercial 2 zoned 27,010 square metre site will attract the interest of investors nationally looking to get their hands on a highly sought after Bunnings covenant.

The freestanding 11,606sqm hardware store was built in 2015 with a 12-year Net lease plus options coupled with fixed 3% annual rental increases and a net income of $1,606,000.

Stonebridge Property Group Justin Dowers and Kevin Tong and marketing the property in conjunction with Killen Thomas David Marks.

Justin Dowers commented “We are continuing to see yields for these types of investments sharpen disproportionately to other asset sectors because of the exclusivity of the tenant and the quality of the lease, which is net in nature and provides fixed annual rental increases.”

“The market for Bunnings Warehouse investments has further improved over the last 12 months given how well they have performed in and out of lockdown restrictions.” Added. Mr. Dowers

Bunnings Warehouse Epsom is located in the booming City of Greater Bendigo area which is experiencing rapid population growth and significant infrastructure investment. The City of Greater Bendigo population is forecast to grow at 1.54% p.a. from 2021 to 2036, significantly greater than the Victorian population growth rate of 0.91% p.a. over the same period.

“The growth in Bendigo is as strong, if not stronger than most metropolitan cities. Dwelling approvals, infrastructure investment and tourism help drive the City of Bendigo to being the 3rd largest city in Victoria.” Commented Kevin Tong

Mr Tong also said prospective purchasers would benefit from a significant 50% reduction in stamp duty for commercial properties purchased across regional Victoria. “The long and short of it is, if you buy a commercial property in regional Victoria, you get 50% off your stamp duty and that is going to be worth quite a significant amount of money especially given the total quantum at Bunnings Epsom.’’

To request a copy of the Information Memorandum please contact one of the marketing agents Stonebridge Property Group Justin Dowers and Kevin Tong in conjunction with Killen Thomas David Marks via the contact details below.