The Hamersley Unit Trust

Owned a Bunnings Warehouse in Baldivis, Western Australia

34,000sqm freehold site with two tenancies; Bunnings & Petstock

The property was purchased for $29.25m in 2015 and was sold in 2021 for $49m

Delivered an IRR of 17.6% p.a. after all costs to investors over a 6 year term;

average income return of 8.0% p.a

Initially purchased as a ‘Masters’ under a sale and leaseback with Woolworths (15 year lease), Masters was replaced with Bunnings under a new 12 year lease

SectorLarge Format Retail
LocationBaldivis, WA
Land area3.4ha
Net Lettable Area 14,693 sqm
Key TenantsBunnings