Secure Investment – Government Tenant

45 Cathedral Avenue, Geraldton, Western Australia 6530

Office For Sale

Offers
Land Area: 3,528.00 m2.    Floor Area: 3,495.00 m2.    

Car Spaces: 37   Energy Efficiency: 3   

Description

Colliers International is delighted to present to the market 45 Cathedral Avenue, Geraldton.

This 3 level office building is the premier commercial accommodation in Geraldton, and is currently tenanted by a number of Government departments.

The property is situated in direct proximity to Geraldton’s banking precinct, and then on to the major shopping centre in town, Stirlings Central.

The property features include:

• 3,528 sqm land area on the corner of Cathedral Avenue and Chapman Road
• 3,495 sqm NLA of which 80% is leased to government tenants
• Passing net income of approximately $605,938.89 per annum, with the potential for rental upside by leasing the small vacant space
• 40 secure undercover car bays
• 6.16 year WALE (by income)
• Recently replaced Chillers
• Zoned “Regional Centre”
• 3 star NABERS energy rating

The property is available for sale by Offers Invited closing Wednesday 3 April 2019 at 4pm WST.

Please contact the Exclusive Selling Agents to request a copy of the Information Memorandum.

Features

  • 80% Leased to Government
  • Prime inner-city corner location
  • Passing Income Approx. $605,938.89 p/a

Specifications

NABERS Rating 3.0 - Star NABERS Energy rating

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