You cant get more Central than Geraldton’s Historic Railway Station!
CBRE and Active West Real Estate are pleased to present to the market this landmark leased investment opportunity.
The two primary buildings constructed on the site are the Railway station built in 1915 and the modern two storey office building built in 2003.
- Fully Leased
- Multiple tenancies
- High quality build
- Net rent circa $159,587 pa
- 13,141 vehicle movements per day
The property is situated immediately adjacent to the exciting Batavia Coast Marina Stage 2 Phase 1 redevelopment area, just north of modern office development incorporating Centrelink and Medicare and 350 metres south of Northgate Shopping Centre. The redevelopment area proposes amongst mixed use development to have a community square (Station Square) orientated to front the western side of the Railway Station.
The Railway Station has been built to a high standard and has recently been comprehensively refurbished, is fully leased to a mix of retail and office tenants and comprises a gross floor area of 599sqm.
The separate two storey office building built in 2003 is fully leased to GRAMS until the 1st August 2027 incorporating annual 5% fixed reviews. It provides a mixture of modern contemporary open plan and partitioned offices, tilt up concrete construction and is serviced by ducted reverse cycle air conditioning, lift, quality air conditioning plant and ablutions and comprises a gross floor area of 443sqm.
For Sale via Expression of Interest
To arrange an inspection, obtain a copy of the information memorandum or for further details please contact the below selling agents.
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