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175-179 North West Coastal Highway
Wonthella WA 6530
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Sold on 2 Aug 2016

175-179 North West Coastal Highway Wonthella WA 6530

  • Shop & Retail
  • 1.25 ha
  • Sold, $3,330,000

Long 7 Year Leases to Two National Tenants. Huge Site with Further Development Potential.

Long 7 year net leases commenced 2015/16 plus options.
National occupants BCF and Ultra Tune on renewed leases.
Expansive highway frontage of 60 metres.
Massive customer draw power, being adjacent to long established and successful Bunnings.
Excellent on-title parking for 72 cars.
Other iconic retailers nearby including McDonald's and BP.
Net leases; tenants pay outgoings as per leases.
Attractive 4% and CPI annual rent increases.
Large 12,450 sqm site including surplus land of 7,668 sqm suitable for further development.
Geraldton, Coastal port city and administrative & retail headquarters for the Mid West Region, population 40,000.
Easily managed investment with future value upside.
Net Income: $245,501 pa + GST.

AUCTION

Auction date and time02/08/2016 11:00
Auction locationDoltone House Hyde Park

Property Highlights

Date Sold2 Aug 2016
Sold Price$3,330,000
Floor AreaAsk Agent
Land Area1.25 ha
ParkingAsk Agent
Property ID2012908336
Category
Last updated  2 Aug 2016
Map for 175-179 North West Coastal Highway Wonthella WA 6530

Property Highlights

Date Sold2 Aug 2016
Sold Price$3,330,000
Floor AreaAsk Agent
Land Area1.25 ha
ParkingAsk Agent
Property ID2012908336
Category
Last updated  2 Aug 2016

Co-Agents

Darren Beehag
Darren Beehag
Burgess Rawson Sydney
Call
0411 226 223
Rob Selid
Rob Selid
Burgess Rawson Sydney
Call
0412 198 294

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