Landmark 5 level commercial building with commanding CBD presence

• Landmark 5 level commercial building
• Significant building and land area
• Exceptional prime CBD mall location

VPG Property is delighted to offer for sale “Champion House” by an Offers to Purchase campaign situated at 87 Marine Terrace, Geraldton with all prospective purchasers invited to submit by 4pm (WST) 20 March, 2023.

Summary of Champion House:

* Total Net Lettable Area of 1,860sqm + 17 car bays;

* Land Area of 708sqm.

* The building provides a landmark 5 level commercial building within the Geraldton town centre:

* The property enjoys direct access with the Town Centre, close to main swimming beaches and other retail and commercial attractions in the area.

The City of Greater Geraldton benefits from economic activity in the mining, agriculture, tourism and fishing industries and is positioned to become a hub for renewable energy, logistics and general services to other major regional areas of Western Australia.

The opportunity is three fold (Lease up the remaining vacant space, owner occupier or potentially re-purpose)

Current Rent: $204,291pa
VO’s collected $ 62,886pa
Gross Income: $267,177pa Net GST (approx)

Total VO’s of the building $169,065pa Net

Net Income: $98,114pa plus GST

For an Information Memorandum please email or call David Walser