Bunnings Warehouse in Hastings offered for sale

Bunnings Warehouse in Hastings offered for sale
Bunnings Warehouse in Hastings offered for sale

A Bunnings warehouse in Melbourne's Hastings is being offered for sale.

Constructed in 2011, the 1837 Frankston-Flinders Road warehouse is 9,204 square metres and is leased to Bunnings Group- a subsidiary of listed conglomerate Wesfarmers on a 12 year lease.

The property is described as having "significant depreciation tax benefits".

The net income is estimated at $985,000 per annum, with a favourable net lease structure and fixed annual increases of 3%.

A public tender campaign closes on 17 April through Mark Wizel, Justin Dowers and Rorey James of CBRE, in conjunction with GrossWaddell.

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