Perth

Busselton's newest large format development set to commence

Local developer and investor has secured the former Home Timber and Hardware store in Busselton via private treaty for $4,950,000.

27 Mar 2018

Local developer and investor has secured the former Home Timber and Hardware store in Busselton via private treaty for $4,950,000. 

Located opposite the Busselton Powerhouse, which includes a new ALDI Supermarket & Kmart (still under construction and due to open mid 2018) within the Busselton commercial precinct, the campaign achieved approximately 30 enquiries. 

CBRE’s Richard Cash, Anthony Del Borrello and Kate Foley negotiated the sale on behalf of Pollux Pty Ltd.

“Most enquiries were from people looking at large format retail or retail conversion - highlighting this as a key area of investment,” Mr Cash said. 

The building offers 2,950sqm of built form on a 9,119sqm footprint. The purchaser intends to lodge development plans for a new large format retail development. CBRE is the appointed leasing agent.  

 
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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.