New Lease – Exceptional location

60 Collins Street, Piccadilly, Western Australia 6430

Retail For Sale

Offers
Land Area: 2,023.00 m2.    Floor Area: 1,000.00 m2.    

Description

Colliers International is pleased to offer for sale by Offers Invited 60 Collins St Piccadilly (Kalgoorlie). This is a a rare opportunity to purchase a long term leased investment in a prime location.

The property is situated in a high profile location within close proximity to Kalgoorlie Health Campus and surrounded by a strong catchment area. Kalgoorlie enjoys a broad investment and mining base, providing it with a strong economic foundation.

Key features of the opportunity include:

• New lease to FoodWorks
• Term: 15 years + 15 year option
• Net rent: $195,000 per annum in year 1
• Outgoings paid by tenant
• 3.5% rent review per annum with a market at the 10th anniversary

The new tenant will be undertaking upgrades to the building including signage and repairs within the first month of the lease. The lease also extends over the adjoining residence which the Tenant will be utilising for staff housing.

Offers Invited closing Wednesday 19 December at 2pm WST.

For further information, please contact either Tim Scott or Shane Isaacs.

Features

  • Long Lease to FoodWorks
  • High Profile Corner Location
  • Land Area 2,023 sqm
  • Plus Freestanding House

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