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High Yielding Leased Investment!

28 Cheetham Street, KALGOORLIE WA, 6430

For Sale

Property for Sale in 28 Cheetham Street, KALGOORLIE WA, 6430

John Matthew & Sons

73 Maritana Street, Kalgoorlie, WA 6430

Listing ID:
11280230
Status:
Active
For:
Sale
Price:
Offers from $860,000 (Going Concern)
Last Updated:
05/04/2019
Icon building

Property Type

Offices
Icon square

Land Area

1044 SQM
Icon size

Floor Area

475 SQM
Icon parking

Parking

7

High Yielding Leased Investment!

John Matthew & Sons are pleased to take to market this leased investment in Kalgoorlie's Central Business area.

The circa 475sqm building is beautifully presented with an abundance of character, complimented by a sweeping bull-nose paved veranda, manicured garden beds & lawns, and a large sign board marked 'Cheetham Commercial Centre', all of which add street appeal to this fantastic property.

The office accommodation is a mix of old and new charm, with split level ceilings, an inviting reception area with a large fire place (not in use), indoor planter boxes, and a sweeping corridor highlighted by natural lighting through the skylights. The building was re-carpeted and repainted internally in 2013, it has separate split system air conditioners throughout and sealed parking for 7 vehicles at the rear.

There are separate male & female ablutions along with a common kitchen and small outdoor area for tenants to take in some fresh air during their busy work day. The building is secure with key tag access to the rear door and a restricted key system to the front door, along with a security system with keypads both at front and rear doors.

Sitting tenants include:

- Reception - JWP Accounting
- Suite 1 - RSM Bird Cameron
- Suite 1B - RSM Bird Cameron
- Suite 1C & 1D - RSM Bird Cameron
- Suite 2 - Smartline Mortgage Brokers (Daniel Bowler)
- Suite 3 & 4 - Smartline Mortgage Brokers (Ian Dunstan)
- Suite 5A - Smartline Mortgage Brokers (Aaron Basten)
- Suite 5B - Edmands Psychological Services
- Suite 6 & 7 - Precept Financial Services
- Suite 8 - JWP Accounting
- Suite 9 - LMW Hegney Perth Valuers
- Suite 10 - RSM Bird Cameron
- Suite 11 - Ron Mosby and Associates
- Suite 12 - Vacant

Tenants contribute to the Variable Outgoings Budget (Audited annually) on a calendar monthly basis, and they also pay for the serviced reception area (Contracted to JWP Accounting until 31 January 2021).

Total net income - $92,884.00pa
Asking Price - 'Offers from $860,000'

GST is in the form of a 'Going Concern'

The property discloses a return of approximately 10.80%.

An Information Memorandum, Tenancy Schedule and a copy of the Variable Outgoings Budget is available for all genuine Buyers.

For more information please contact the Goldfields leading Commercial Agent Daniel Lavery on 08 9080 1900 or 0411174452.

For more details, please email agent

John Matthew & Sons

73 Maritana Street, Kalgoorlie, WA 6430


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