246 Lester Avenue Geraldton WA 6530

Ray White Geraldton are pleased to offer the astute investor, an opportunity not to be overlooked.

PROPERTY
* Land: 912 m2 approx
* Building: 591.5m2

LEGAL DESCRIPTION
Lot 17 on Diagram 50357 Certificate of Title Volume 1436 Folio 554

ZONING
Regional Centre

RCODE
RAC-3
For more information on planning, please contact the City of Greater Geraldton Planning department.

NUMBER OF TENANCIES
1

OCCUPANCY
Leased

TENANCIES
Tenancy 1 - Anchor Government Tenant

PROPERTY EXTENT
Whole

TENURE TYPE
Tenanted Investment

STATUTORY & VARIABLE OUTGOINGS
Tenant pays all usual outgoings

KEY PROPERTY INFORMATION
Lease commenced 2007 and expires in October2022, with a 2 x 1 year option
Annual CPI rent reviews

ADDITIONAL FEATURES
Modern building with onsite carparking and drive through accessibility, with auto gates.
New roof installed 2020, New air-conditioning throughout 2020/2021.

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.