Bonnet Bay shopping village sold for $3.76 million

Bonnet Bay shopping village sold for $3.76 million
Bonnet Bay shopping village sold for $3.76 million

The Bonnet Bay shopping centre has sold under the hammer.

The 10-13 Kennedy Crescent listing was sold for $3.76 million by Burgess Rawson.

The holding is described as a dominant retail building in Bonnet Bay with no other competing retail within a 10 minute drive.

Set on a 2,653 square metre landholding with rear lane access, loading dock and 34 on-site car spaces the tenants are primarily on three-year and five-year leases.

However, some of the tenants are long term occupants with several having been at the centre for more than 10 years.

The centre also features "internet resistant tenants" – seven from eight lessees are restaurants or services that are not affected by online shopping.

Subdivision or development is also a possibility for the property which has a net income $223,100 per annum, plus GST.

Tags: 
Shopping Centre Bonnet Bay

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