Renewed 5 year lease to Bunnings, plus further options through to 2041
Bunnings: a division of Wesfarmers Limited, an ASX listed top 10 company
Bunnings 2015/16 sales exceeded $11.5B, up 21% on previous year
Annual rent reviews
Premium Net lease with Bunnings paying usual outgoings including Land Tax
Strategic location with seamless integration to adjoining Lansell Square
Shopping Centre anchored by Coles, Woolworths & Kmart
Immaculate and recently upgraded 8,626 sqm building, including main warehouse, timber yard and nursery
Huge 31,453 sqm site which includes adjoining surplus land, exclusive to Bunnings for easy future expansion
Important 227 on-site car spaces
Significant taxation saving depreciation
Greater Bendigo: Victoria’s third largest urban centre with a growing population of over 111,000, forecast to increase to 145,000 by 2031