Landmark building and prime CBD location

Investment overview

• Prime coastal CBD real estate asset in a major regional centre.

• Landmark 5 level building with commanding presence.

• Mixed use with retail, office and restaurant tenancies.

• Suit investors, owner occupiers and food & beverage industry operators.

• Preserved Small Bar Licence for top floor.

• Secure long term income from ground floor local and national tenants.

• Transferable ongoing management and / or ownership structures in place.

• Modernised and renovated building, plant and equipment.

• Fully documented building plans and history.

• Modest rental levels with opportunity for repositioning.

• High returns available on realistic expected sale price.

The building

• Built in 1980.

• Ground floor - five shops with net area of 485sqm.

• First floor - 14 secure parking bays, plant rooms and two 12sqm storage areas.

• Second floor - one office suite with net area of 453sqm.

• Third floor - two office suites with net area of 444sqm.

• Top floor - restaurant with next area of 479sqm.

• Load bearing brick exterior walls and compliant Alucabond cladding.

• Concrete internal pillars and floors.

• Soundly constructed.

• Refurbished internally including all mechanical, electrical and hydraulic services (2008).

• External fascia modernised (2011) to complete an award winning building revitalisation.

• Original construction, renovation and NLA survey plan suite available.

The location

• Champion House is prominently situated in the heart of Geraldton’s CBD.

• The building fronts Marine Terrace Mall between Durlacher Street and Cathedral Avenue.

• Being located in the city’s Mall Precinct provides tenants with immediate access to bars & restaurants, cafes, banks, local Government offices, newsagencies, specialty retail, etc.

• Within easy walking distance of Woolworths and Super IGA shopping complexes.

• 100m from the newly redeveloped town beach foreshore and marina precinct. Adjacent to the Post Office Lane and Rocks Laneway pedestrian link and gallery.

• Expansive coastal, city and harbour views.

Tenants

• Corner Surf Shop

• Calverley Johnston Legal

• Redink Homes Mid West

Investment outlook 

• Geraldton has a dynamic and diverse economy underpinned by agriculture, fishing, manufacturing, education & science, mining (talc, iron ore, battery minerals), oil & gas, and tourism.

• The town is master planned for extensive growth in residential and all industry sectors.

• Geraldton and the Mid West region is strongly supported by State and Federal Government infrastructure investment.

Available to purchase