JLL as exclusive selling agent is pleased to offer 45 Cathedral Avenue, Geraldton to the market. This is a outstanding opportunity to purchase a 100% freehold interest in one of Geraldton’s most tightly held office assets.
⦁ 3-level office building with NLA of 3,487.7sqm*
⦁ 80% of income underpinned by government tenants
⦁ 39 secure undercover car bays delivering a very attractive ratio (1:89sqm* of NLA)
⦁ Extensive building refurbishment completed including bathrooms, end of trip facilities, bicycle storage & air conditioning
⦁ Prime corner site of 3,528sqm* with dual street frontages
⦁ Potential to occupy upper floor ranging between 205-270 sqm*
⦁ 2.36 year* WALE (by income)
⦁ 3-star NABERS Energy rating
⦁ Net Fully Leased Income $865,549* per annum
⦁ Situated in the Geraldton City Centre Retail and Commercial precinct with 78m* frontage to Cathedral Avenue
45 Cathedral Avenue, Geraldton is offered for sale via Expressions of Interest closing 2pm (AWST) Wednesday 4 December 2019.
Located in Geraldton Town Centre is a tightly held office investment with a NLA of 3,487.7sqm* and has a Net Fully Leased Income of $865,549.