Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1985
Tenure Type Leasehold
Building Area
Land Area

Property Description

JLL as exclusive selling agent is pleased to offer 45 Cathedral Avenue, Geraldton to the market. This is a outstanding opportunity to purchase a 100% freehold interest in one of Geraldton’s most tightly held office assets.


Property Highlights

⦁ 3-level office building with NLA of 3,487.7sqm* 

⦁ 80% of income underpinned by government tenants 

⦁ 39 secure undercover car bays delivering a very attractive ratio (1:89sqm* of NLA)

⦁ Extensive building refurbishment completed including bathrooms, end of trip facilities, bicycle storage & air conditioning

⦁ Prime corner site of 3,528sqm* with dual street frontages

⦁ Potential to occupy upper floor ranging between 205-270 sqm*

⦁ 2.36 year* WALE (by income) 

⦁ 3-star NABERS Energy rating

⦁ Net Fully Leased Income $865,549* per annum

⦁ Situated in the Geraldton City Centre Retail and Commercial precinct with 78m* frontage to Cathedral Avenue


45 Cathedral Avenue, Geraldton is offered for sale via Expressions of Interest closing 2pm (AWST) Wednesday 4 December 2019.


(*Approx)

Investment Highlights

Located in Geraldton Town Centre is a tightly held office investment with a NLA of 3,487.7sqm* and has a Net Fully Leased Income of $865,549.

Last Updated Date: 21 Jul 2020
Tom Nattrass
Director, Sales & Investments - WA
Nigel Freshwater
Nigel Freshwater
Head of Sales & Investments – WA

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Last Updated Date: 21 Jul 2020

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