THE Horsham Bunnings building will go to auction next month with an expected sale price of $9.25 million.
The 9581 square metre site has three street frontages on Horsham's Wilson Street. It is the only Bunnings in the Wimmera.
The property returns $560,766 per annum and is on a 12-year lease until 2025, with a further four five-year options until 2045.
Melbourne-based commercial real estate agency Burgess Rawson will auction the property.
Burgess Rawson director Shaun Venables said the property's location added to its appeal.
"Horsham is the capital of northwestern Victoria and it's a really captive catchment endorsed by the fact that all of the major supermarkets are represented. Coles, Woolworths, Aldi and Kmart are all within 500 metres of the site," he said.
In June Burgess Rawson auctioned a Bunnings property at Kempsey in New South Wales for $5.14 million, while another at Kingaroy in Queensland sold through expressions of interest for more than $14 million.
The Horsham Bunnings' freehold will be auctioned at the Crown Casino's River Room at 11am on Wednesday, December 11.
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