Sale heralds Bunnings’ arrival in Alice

David Forrest (right) congratulates syndicate member Phil Danby on the sale

Media Release: 30 September 2011

First National Commercial Framptons of Alice Springs has negotiated a major industrial sale that will see the arrival of the Bunnings Hardware group in Alice Springs.

Settlement of the sale was effected this week, following negotiations that took over three years.  David Forrest, a director of First National Commercial Framptons said the lot was owned by a local syndicate who were delighted with the result which was in excess of $3,000,000.

The lot is located at the northern end of Alice Springs and has approximately 135 meters of highway frontage. Covering an area of 24,520 square metres, it was the only remaining lot of that size with substantial Stuart Highway frontage.

‘The sale took considerable persistence but the result was worth the effort’ said Mr Forrest.

‘This sale shows the confidence that major companies such as Bunnings have in Alice and the wider region and should be a lift for local industry. Contractors are already preparing quotes for demolition works and, after construction, the facility will employ around forty people’.

This major sale follows the sale of three Supermarkets by the First National Commercial Framptons team earlier this year, cementing First National Commercial Framptons position as a major player in the Commercial Industrial market in Alice Springs.

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For more information: National Communications Manager, Stewart Bunn on 1800 032 332