The 10,373 sqm site, is a mixed use development, featuring four street frontages in a high profile pocket of Bunbury’s commercial centre.
“This site represented an outstanding opportunity to secure a footprint in the bustling city of Bunbury – the commercial centre of WA’s south-west region,” said CBRE’s Ben Younger and Lloyd Jenkins who negotiated the sale via an Offers to Purchase campaign.
Younger said the property’s central position in WA’s second largest metropolitan area was pivotal to the sale.
He said Aldi was attracted to the site’s high profile location and extensive street frontage.
“With development approval already in place, this site presented a wide range of permitted uses and flexible outcomes that attracted strong interest from both offshore and local buyers.”
According to Younger, the site, formerly the home of the St John of God Hospital, offered huge versatility and potential for future use.
“Furthermore, due to the property’s central location, all civic and commercial amenities are within walking distance or short drive,” he said.