News

The Opportunity

• Lot 128 (6) Coomidup Boulevard, Vasse is a titled 999m2 corner lot with a premier position in Vasse Village.
• Lot 140 (2) Warrior Court is a titled 2,192m2 corner lot, attractively positioned at the forefront of the Coomidup Boulevard entrance, being one of the major gateways to the thriving Vasse Village.

Vasse Estate is 230km South of Perth and sits on the major junction of Busselton Bypass and Bussell Highway. It is strategically located within a 15 minute drive of both Dunsborough and Busselton, two of the primary population centres of the south west region.

Vasse itself is an established sub-regional centre providing residential, commercial, industrial, retail and community services for the South West region. When fully developed in 2035, Vasse Estate will be home to more than 6,500 residents whilst supporting 2,700 direct and 925 indirect jobs and likely to generate an estimated $575m of annual ongoing Growth Value Added (GVA) for the WA economy (Source: Urbis Vasse Estate Economic Benefits Assessment, Dec 2022).

The land on offer is surrounded by renowned businesses such as Coles Supermarket, with St John of God recently purchasing nearby Lot 123, and is located directly adjacent the future ‘Vasse Village’ by Bunbury Farmers Market (BFM). Set to open its doors in December 2024, ‘Vasse Village’ by BFM is anticipated to be a key driver of future growth in vehicle and pedestrian foot traffic. Additionally, Lot 140 offers the inherent benefits afforded by the flexible Main Street/ Local Centre zoning, which supports a wide array of permissible uses and is sure to appeal to both discerning investors and owner-occupiers alike.

With neighbouring Lots 126 and 127 now sold, and construction anticipated to commence on both lots in the first half of 2025, this is a unique opportunity to secure one of Vasse Village’s last remaining prime exposure landmark sites and is one not to be missed.

Method Of Sale

Lot 128 (6) Coomidup Blvd is 999m2 and Lot 140 (2) Warrior Court is 2,192m2. 

Both will be sold separately within an Expression of Interest Campaign that will run from Tuesday, 3 December to Friday 31 January 2025.

All prospective buyers who would like an opportunity to purchase either lot will need to contact Sam Hanson (details below) for an Expression of Interest form.

All submissions will be presented to the Seller after the closing date.

Hanson Property Group (as the selling agent) will then work with the successful Registrant and the Seller to create a non-binding Terms Sheet, which will grant the successful Registrant exclusivity to the site. Following this, the successful Registrant will be expected to enter into a Contract of Sale.

Contact exclusive selling agent Sam Hanson for further details on this commercial opportunity within the flourishing Vasse Village.

Ph: 0418 926 964 | sam@hansonproperty.com.au 

Vasse Population Growth

Since its inception, the Vasse Estate population has grown faster than surrounding areas. The population within the estate grew by 30% between 2016 and 2021 and is forecast to have an average annualised growth rate of 5.5%. It is forecast that the tourism appeal of Busselton will continue to grow over the coming decade, with an estimated 32% increase in visitor nights to 2031. If per capita spend were to remain constant, this increase in visitation would deliver an approximate $3.1 billion in tourist spend to the economies in the region. (Source: Urbis Vasse Estate Economic Benefits Assessment, Dec 2022)

Vasse Shops & Businesses

Vasse is booming with over 100 shops and businesses operating throughout the Village centre and Vasse Business Park, the light industrial area accessed via Bussell Highway.

Future businesses that are set to open their doors in Vasse Village include Vasse Village by Bunbury Farmers Market and a tavern.

Good Investments Have Good Numbers

Over 8.2 million vehicles drive past Vasse each year and 2.6 million drive through Vasse Village.  It is located between three major South West towns

• Busselton (population 27,233*)
• Margaret River (population 10,193*)
• Dunsborough (population 7,182*).

A fourth major town, Bunbury (population 75,196*) is only 50 minutes away, making it accessible for those who want the South West lifestyle but need to work in a large town.

*Source: ABS 2021 Census All Persons Quick Stats

Useful Downloads

• Vasse Village Lot 128 EOI
• Vasse Village Lot 140 EOI
• Vasse Village CODA Guidelines
• Precinct Structure Plan
• Vasse Village Lot 128 Easement
• Vasse Village Lot 140 Easement
• Lot 128 details
• Lot 140 details
• Lot 128 Image
• Lot 140 Image
• Vasse Masterplan – Lot 128 Highlight
• Vasse Masterplan – Lot 140 Highlight