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Bunnings Shellharbour, NSW

Bunnings Shellharbour, NSW
Bunnings Shellharbour, NSW
Bunnings Shellharbour, NSW
$40,600,000 purchase price
5.02% net yield
32,000 sqm land area
Large Format Retail asset class
Off Market method of purchase
transaction overview

On behalf of our private investor client, Costi Cohen has acquired Bunnings Shellharbour for $40,600,000.

This transaction, purchased on an initial yield of 4.89% which increased to over 5.02% by January 2025, represents the largest Bunnings Warehouse to exchange hands in New South Wales in over three years and the largest nationally since early 2023.

The property occupies a highly strategic 32,000+ square metre site and offers 13,120 square metres of GLA. Bunnings opened in 2018 and offers outstanding security of income and tenure, offering a WALE of ~6 years, with further extensive option periods to 2078.

Nearby amenities

Within 5km
  • Oak Flats Station
  • Shellharbour Airport
  • Stockland Shellharbour
  • Shellharbour Hospital
Within 10km
  • Minnamurra Station
  • Dapto Mall
  • Port Kembla Hospital
  • Yallah TAFE
Within 25km
  • Bombo Station
  • Kiama Village
  • Nan Tien Institute
  • Port Kembla North Station

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