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79 Marine Terrace
Geraldton WA 6530
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Sold on 14 Sep 2021

79 Marine Terrace Geraldton WA 6530

  • Hotel, Motel, Pub & Leisure
  • 1,565 m²
  • Sold

Significant Location in Geraldton CBD

    The building iconically known as the Freemasons Hotel, is on the market!

    PROPERTY
    * Land: 1,158 m2 approx
    * Building: 1,565m2

    LEGAL DESCRIPTION
    Lot 8 on Strata Plan 25078 Certificate of Title Volume 1992 Folio 95

    ZONING
    Regional Centre

    USE
    Hotel

    HISTORICAL:
    Category 2
    Considerable Significance: Very important to the heritage of the locality. For more information, contact the City of Greater Geraldton.

    NUMBER OF TENANCIES
    1

    OCCUPANCY
    Leased

    TENANCIES
    Tenancy 1 - Strong Tenant

    PROPERTY EXTENT
    Whole of Lot 8

    TENURE TYPE
    Tenanted Investment

    STATUTORY & VARIABLE OUTGOINGS
    Tenant pays all usual outgoings

    KEY PROPERTY INFORMATION
    Lease commenced 2019 and expires in October 2024, with a 5 year further term.
    Annual CPI rent reviews.
    Market review in 2024.

    ADDITIONAL FEATURES
    This large two storey L shaped building is situated on a prominent corner location. The colorbond custom orb roof is hipped and steeply pitched over looking the city scape.
    Two storey verandahs which cover the footpath, the ground floor features large arched windows with decorative moulds. The corner roof tower was reinstate in the early
    2000's.

    GERALDTON
    Major economic, mining, tourism, agriculture hub including Australia's largest grain export terminal.

    GERALDTONS FORECAST BY 2036
    City of Greater Geraldton population is expected to grow 46% to 56,000.

    This property is to be SOLD by private treaty.

    Viewings are available on request, to obtain more information, please contact listing agent Peter Sukiennik on 0418 939 013.

    Property Highlights

    Date Sold14 Sep 2021
    Floor Area1,565 m²
    Land Area1,158 m²
    ParkingAsk Agent
    Property ID2017248361
    Category
    Last updated  25 Oct 2021
    Map for 79 Marine Terrace Geraldton WA 6530

    Property Highlights

    Date Sold14 Sep 2021
    Floor Area1,565 m²
    Land Area1,158 m²
    ParkingAsk Agent
    Property ID2017248361
    Category
    Last updated  25 Oct 2021
    1/209 Foreshore Drive Geraldton WA 6530

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