194 Durlacher Street Geraldton WA 6530

Beat the market with a Pandemic Proof asset, Belle Property Commercial Perth is proud to offer for sale a 100% freehold interest in 194 Durlacher Street, Geraldton. A premium Medical Facility leased as "City Health Geraldton" offering amenity throughout, providing an investor the unique opportunity to purchase a Pandemic Proof Medical asset.

Key Metrics:
- Significant landholding of 4,603 sqm* Green title site
- BRAND New uniform Lease terms + Options
- Net income $532,813 per annum
- Fixed 3.5% Annual rental increases
- Recoverable Outgoings
- 1,263 sqm* Net Lettable Area
- 64 car bays* with additional motorbike bay areas
- On site back up Generator
- Huge Signage Opportunities
- Solar System installed and can be taken over or removed
- Set & forget investment with major upside opportunity in growing city

Zoning
The subject property is zoned R80 'Mixed Use' and has no current structure plan applicable. The property has been improved for Medical Use. The property has no heritage attached.

Location
The property is situated within the City of Geraldton and is strategically positioned within the Medical Precinct of the city. The subject property's location is enhanced by its proximity to the following places of interest: Geraldton Regional Hospital 850 metres*, St John of God Geraldton 650 metres*, Marine Terrace (Commercial and Retail Precinct), 1.4 kilometres*, John Wilcock Link (Highway) 800 metres*.

Goods and services tax (GST)
The subject property is sold as going concern. GST will not be applicable to the sale and the GST annexure will form part of the purchase contract.

Sale Process
For sale via "Expressions of Interest" campaign, closing Wednesday 30th October 2024 at 5.00pm (AWST) (Sold as a going concern). The Seller reserves the right to accept an offer prior to the campaign closing. A copy of the EOI document and IM can be supplied upon request.

For more information please contact the exclusive listing agent, Belle Property Commercial Perth (B.P.C.P).

*Please note that while best effort is made to ensure information are correct at time of listing, they are provided for reference only and may be subject to change. Chattels depicted or described are not included in the sale unless specified in the Offer and Acceptance. The owners reserve the right to sell the property prior to the closing date.