LOT 105 Fast Food site
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1 LOT 105 Fast Food site Information Memorandum VASSE VILLAGE, WESTERN AUSTRALIA
2 Where is Vasse? Vasse is an award-winning estate situated 10km west of Busselton at the junction of the Busselton Bypass and Bussell Highway, within the City of Busselton. Known as the development hub of the region, Vasse as a community and town centre is providing exceptional growth in the supply of residential and commercial land and building construction. Its evolution is significantly boosting the local economy, population growth and employment opportunities within the region. Accompanying road and infrastructure construction is programmed to run continuously over the next 8 to 10 years ensuring Vasse is the central link between Busselton, Margaret River and Dunsborough, approximately 230km south of Perth. Perth 2.5 hours DUNSBOROUGH Margaret River 30 minutes 2
3 Vasse Village is located at the gateway to the internationally renowned Margaret River region. The Opportunity Lot 105 Suitable organisations are now being sought to buy this outstanding Fast Food pad site opportunity at Vasse Village. This is located on Northerly Street and adjoins the new McDonalds, Coles Supermarket and Coles Express service station with unprecedented exposure. As the gateway to the internationally renown South West region, Vasse Village will form part of a thriving tourist destination and growing cultural, retail and commercial hub for the greater community. 3
4 Lorem ipsum Vasse Village is the place to shop, relax and connect. Overview of Vasse Estate Vasse has been meticulously planned, designed and built to suit the requirements of a modern lifestyle without losing the tranquility and natural surrounds that make the South West of Western Australia such an appealing place to live, work and play. When fully developed Vasse will comprise approximately 2,100 residential lots spread across three interlinked estates. In addition, there will be 150 business park lots, two primary schools, a public high school, private school, National Lifestyle Village, the proposed new Southwest Institute of Technology (SWIT), parks, sports fields and the Wardandi Track, a 40 metre wide linear park that passes through Vasse, ultimately connecting Busselton to Augusta. Margaret River - 30 mins BUSINESS PARK NOW SELLING DAWSON ESTATE NOW SELLING Vasse Bypass Lifestyle Village VASSE VILLAGE FAST FOOD SITE NOW SELLING Dunsborough - 15 mins Beach - 3 mins Busselton Bypass Busselton - 10 mins The new McDonald s, Coles Supermarket, Coles Express, Medical Centre, café and specialty stores are now open, with more still to open in 2018/19. Future Primary School Site Armstrong Estate Cape Naturaliste College Vasse Sporting Complex Vasse Primary School Birchfields Estate At the heart of Vasse is the new Vasse Village making it the perfect place to shop, relax, connect and enjoy the renowned produce of the surrounding region whether a resident of the area or just passing through. Vasse Estate Master Plan These are just some of the reasons why Vasse is one of the most attractive places to live, visit and invest. 4
5 The New Vasse Village Centre Town Centre Vasse Village will be developed as an iconic South West tourism destination and will provide five hectares of retail & commercial space and showrooms upon completion. It currently comprises a Main Street Coles supermarket, café, specialty shops, Medical Centre & Pharmacy, professional offices, highway fast food, service station and newsagent. The National Broadband Network (NBN) is available and connected to Vasse. It provides local businesses and visitors the luxury of conducting business or browsing using the fastest service in the country, creating immense opportunities. The Vasse Development Partners are renowned for exceptional attention to street scape and public space presentation, picturesque boulevards, distinctive public artwork, natural beauty, use of local materials, feature stone work, and country charm. With these features and design elements to be continued through the Village main street and Piazza interface, Vasse Village will be a vibrant, high-quality retail precinct servicing the needs of locals and the extensive tourist traffic passing through Vasse at the gateway to the Margaret River region. Already committed and operating: Full range 3,500m² Coles Supermarket and Liquorland Coles Express service station McDonald s Vasse Medical Centre with Pharmacy and Specialist Services Specialty retail, Newsagency and Professional Offices Space is also available within built form and on available lots to increase this Village Centre offering. 5
6 Eight of the first eleven lots created in Vasse Village have been sold. Vasse Estate Master Planned Community Highlights 3 NEW RESIDENTIAL ESTATES, 7,500 RESIDENTS AND PROVIDING MORE THAN 1,000 JOBS DEVELOPMENT COMPLETED OR UNDER CONSTRUCTION 2,100 home sites Birchfields Estate residential lots, with over 500 houses complete Village Centre, providing retail, commercial & showroom opportunities Vasse Primary School students Business Park of 150 lots Cape Naturaliste Secondary College students and $32 M expansion Private and public secondary colleges Two public primary schools National Lifestyle Village commencing 2018 Vasse Sporting Complex initial stages of two AFL sized areas suitable for a range of sports and associated carparks Dawson Estate 380 residential lots with housing commenced/constructed on 280 lots Vasse Village Stage I - First 11 main street lots created with 8 sold and being developed and 3 remaining Coles Supermarket, Coles Express, Medical Centre, fast food and specialty retail open High speed NBN to Dawson residential Estate and the new Vasse Village Proposed site for SWIT (South West Institute of Technology) Wardandi Track - a continuous 108km green belt connecting Busselton and Augusta. It is expected to become one of the South West regions most significant walking and cycling treks in the coming years National Broadband Network (NBN) available and connected (download up to 95.65mb/s, upload up to mb/s, ping 6ms) Vasse Village Public WiFi expected August 2018 Source: ABS; URBIS 6
7 Vasse Village Centre is considered to be the most advanced satellite development in Busselton. Gateway to the South West Vasse is ideally located and positioned to benefit from continuing popularity and growth of the South West region including Busselton, Margaret River, Dunsborough and Augusta. Every year, in excess of 500,000 people are attracted to Busselton with more than 400,000 annual visitors passing through Vasse on the way to Dunsborough, Margaret River and Augusta utilising the Busselton Bypass and Bussell Highway. As the only Town Centre situated on the Bypass roads, Vasse Village Centre is the first Town Centre between Perth, Dunsborough and Margaret River, this together with its highly envious position and prominent exposure, it is not difficult to see why Vasse Village Centre is considered to be the most advanced satellite development in Busselton and one of the most significant developments to the South West Region, poised for exemplary long term growth. 7
8 Traffic Statistics The location has benefited from consistently growing traffic and improvements to road infrastructure including the construction of the Vasse Bypass, now Bussell Highway, that will provide additional access and vehicle rotation throughout the Vasse Village, whilst also being the main highway to Margaret River and Augusta. The future Bussell Highway extension will be the proposed bypass road to Dunsborough. Napoleon Promenade Traffic Volumes (one direction) Opening of street July 2016: 270 vehicles per day (vpd) Opening of McDonald s December 2016: 1,000 vpd Opening of Coles supermarket November 2017: 2,800 vpd Opening of businesses (lots 102 & 110) June 2018: 3,000 vpd (Local traffic from Dawson and the Vasse Sporting Complex that enter and exit the Village via Napoleon Promenade on the western side are not counted within these traffic numbers.) Vehicle Numbers (average per day over QTR) Combined Daily Traffic Data on Napoleon Promenade and Coomidup Boulevard According to analysis undertaken by Uloth & Associates, the total number of vehicles passing Vasse Village between 1 February 2017 and 31 January 2018 was over 5,900, Jul - Sep 16 Oct - Dec 16 Jan - Mar 17 Apr - Jun 17 Jul - Sep 17 Oct - Dec 17 Jan - Mar 18 Apr - Jun 18 Jul - Sep 18 Quarter Traffic Data Note: Coomidup Boulevard opened in April 2018 and traffic counts did not commence on this road until May
9 All traffic to the regions main attractions and towns including Dunsborough, Yallingup, Margaret River and Augusta pass through this major intersection providing access and exposure to the new Vasse Village Fast Food Site. Future traffic flows COOMIDUP BOULEVARD BUSSELL HIGHWAY 6,990 BUSSELL HWY 10,260 It is anticipated that traffic flows will continue to rise along Bussell Highway due to ongoing development and tourism in the South West. This will be supplemented and enhanced with the continued development of Vasse and the new Village. By 2031, traffic flows are projected to increase to: Northerly Street adjacent to the Village Village - 16,330 vpd (101% increase on January 2018 volumes). 5,600 NAPOLEON PROMENADE FAST FOOD NORTHERLY STREET 8,120 BUSSELTON BYPASS Vasse Bypass adjacent to the Village Village - 17,900 vpd (168% increase on January 2018 volumes). Napoleon Promenade within the Village Village - 10,990 vpd (96% increase on January 2018 volumes). Dunsborough leg of Bussell Highway at Bypass roundabout - 28,520 vpd (178% increase on January 2018 volumes). NORTHERLY STREET ORLANDO BOULEVARD 13,020 January 2018 Traffic counts (both directions) 9
10 Population Stats A Vasse Town Centre Retail Study indicates that the current trade area accounts for around 18.5% of the Busselton population (approx. 7,390 people). The area has grown significantly in recent years with growth expected to continue at a strong level (7.7% from and 8% from Source: URBIS). A young, active, affluent population The table on the following page outlines the socio-economic characteristics in detail, according to the latest Census 2016 figures. Key features of this region are: Average household income in Vasse is higher than the Busselton average. The primary Vasse trade area is attracting young families earning good incomes. Only 15% of the Vasse population is over 60, compared with 26% in the remainder of Busselton. In the main trade area the age profile is older, with nearly 27% of people aged over 60. Around 32% of the main trade area population is families with children under 15, compared to nearly 44% in just the Vasse area POPULATION Vasse 2,200 3,190 4,690 6,040 Main Trade Area 7,390 9,040 11,590 13,300 Total Busselton 39,700 44,700 50,800 53, ANNUAL POPULATION GROWTH % Vasse 8.8% 7.7% 8% 5.2% Main Trade Area 6.4% 4.1% 5.1% 2.8% Total Busselton 4.7% 2.4% 2.6% 1.1% Source: ABS/URBIS The total trade area shows a low proportion of renters, and so too does the Vasse area. Evidence shows Vasse is an affluent area of Busselton and would support higher than average expenditure on food, beverage and other discretionary shopping. In the immediate future, it is expected that these characteristics would be consistent in new residential areas. Over time, as the area and households become more established, the age profile is expected to mature and retail spending propensity is expected to further improve. Source: URBIS 10
11 Socio-Economic Characteristics Vasse Town Centre Main Trade Area Vasse Main Trade Area Total Busselton WA HOUSEHOLD INCOME Average Household Income 87,281 84,897 83, ,387 Per Capita Income 32,597 35,544 35,897 40,759 AGE DISTRIBUTION Aged % 22% 20.3% 19.3% Aged % 9.4% 9.9% 12.6% Aged % 16.8% 16.5% 22.3% Aged % 24.9% 27.2% 26.6% Aged % 26.9% 26.2% 19.2% HOUSEHOLD COMPOSITION Average Household Size Families with children under % 32.3% 38.6% 28.7% % Family Households 56.6% 44.9% 40.7% 43.5% HOUSING TENURE Owner 26% 32% 34% 29% Purchaser 50% 40% 36% 41% Renter 24% 23% 29% 29% LABOUR FORCE % Unemployed % 5.3% White collar 56% 61% 61% 66% Blue collar 44% 39% 39% 34% Source: ABS/URBIS 11
12 J J ( ) (46.497) (44.629) J J ASS Site Details Site Area: 9002 (DP ) Lot 105 Certificate of Title: Volume 2909 Folio m 2 Frontage: 29.88m to Northerly Street Access: 1102 (DP ) Birak Lane off Napoleon Promenade Ganges Lane off Coomidup Boulevard Special Encumbrances, Rights or Interests: Right of Carriageways (Public Access Easement) constructed on lot 105 is included within purchase price Site specific signage and Building and Development Design Guidelines to apply to Lot 105 Vasse Development Partners have an interest in the external building façade, visual elements, internal fitout and signage Shared Driveway constructed between lot 104 and 105 (3.1m wide within lot 105) included within purchase price Preferred Uses: Fast Food outlet, which may contain more than one fast food supplier (DP ) 9540 (DP ) NAPOLEON 30m WIDE ROAD RESERVE PROMENADE 24m WIDE ROAD RESERVE J BUAYANYUP DRAIN J 555 (DP 65624) J J BALANCE OF LOT m² (TOTAL ha) BALANCE OF LOT ha (TOTAL ha) m WIDE ROAD RESERVE m WIDE ROAD RESERVE COOMIDUP BOULEVARD Medical m² Child Care m² 23m WIDE ROAD RESERVE m² RESERVE FOR RECREATION J m² (276.2) m² 'RAIL TO TRAILS' 22 (D 87677) m WIDE ROAD RESERVE m WIDE ROAD m² m² (TOTAL 2605m²) m² m² NAPOLEON PROMENADE Tavern Parking WARDANDI TRACK (DP 57391) (D 32317) m WIDE ROAD RESERVE ha m² STAGE ha m WIDE ROAD m² m² m² m² Large Format Retail GANGES LANE Tavern Site 1505m² (TOTAL 2605m²) NAPOLEON PROMENADE SSELL HIGHWAY 30 BIRAK LANE ( ) m² m² m² Fast Food NORTHERLY STREET BUSSELL HIGHWAY m² m² 1,991m RESERVE FOR RECREATION & DRAINAGE m² (61.142) ACCESS RESTRICTION ( ) 12
13 Village Centre Access & Parking Subject site area. Traffic flows. 13
14 vasse.com.au For Sale This exceptional Fast Food Site opportunity is available for sale. Contact Details For further information in relation to Vasse and these exceptional opportunities, please contact the coordinating selling agent Hanson Property Group. (08) hansonproperty.com.au Geoff Hanson E: M: T: Sam Hanson E: M: T: Report Acknowledgements (i) Report completed by Urbis in November 2017 (ii) ABS Census of Population and Housing 2016 Disclaimer: The information and illustrations set out in this document are indicative only and are subject to change without notice and therefore should not be relied upon or used in any way. The Vasse Development Partners and its agents make no representations or warranties as to the accuracy of any projections, information, illustration, description or statement contained in this document and shall have no liability whatsoever for any loss or damage which may be suffered to any person who relies wholly or partly upon the information provided. Each interested party must make its own independent assessment and investigation of the business opportunity. 14
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