CHAMPION HOUSE

 

Landmark building + Prime CBD location

Investment overview

  • Prime coastal CBD real estate asset in a major regional centre
  • Landmark 5 level building with commanding presence
  • Suit super funds and larger sophisticated investors
  • Secure long term income from multiple local and national tenants
  • Mixed use with retail, office and restaurant tenancies
  • Transferable ongoing management structures in place
  • Modernised and renovated building, plant and equipment
  • Fully documented building plans and history
  • Modest rental levels with opportunity for long term growth
  • High returns on 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 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 and with expansive coastal, city and harbour views

Tenants

  • Advanced Personel Management
  • Ben's Massage
  • Corner Surf Shop
  • Cowan Legal
  • Harbour View Restaurant
  • Redink Homes Mid West

Investment outlook 

Geraldton has a dynamic and diverse economy underpinned by agriculture, fishing, manufacturing, education & science, mining, and oil & gas. The town is master planned for extensive growth in residential and all industry sectors and regularly listed as an investment hot spot by national analysts and commentators.

Geraldton and the Mid West region is strongly supported by State and Federal Government infrastructure investment. Read more in the following links:

champion-house-geraldton
Rarely does such a significant investment opportunity arise in Geraldton.
 
 

Enquire now

Name *
Name

Selling agent

Geraldton Property Team

Steve Prestidge
Commercial Manager
08 9920 4111 or 0417 272 729
steve@geraldtonpropertyteam.com.au