$939,000 (Going Concern)

Take the opportunity to secure this two story federation style building that was constructed in the early 1900's during the early gold rush days.

This fine example of the Federation Free Classical Style Building has large verandas and lacework balustrade, paneled doors, and lead-light windows, the building has a complete restaurant fit-out downs stairs, and was refurbished by the Tenant in early 2017.

The ground floor of 335 sqm* includes the commercial kitchen, multiple dining spaces and male and female toilets.
The first floor of 160 sqm* includes a self contained one bedroom unit, 3 x separate bedrooms, one shower and two toilets. These figures do not include the iconic and spacious verandas and balconies. The large lot of 2,465 sqm* includes drive through bay and ample parking.

Quality Tenant - Nando's Franchise
Secure Lease - Five (5) year term commencing 1st January 2022 (original Lease commenced 1st August 2011)
Passing Rent - $75,000.00pa + GST + Outgoings
Rent Reviews - CPI Perth Annually

This property is Heritage Listed as category 2 on the Municipal Inventory with the City of Kalgoorlie Boulder.

Asking Price - $939,000 and being sold as a 'Going Concern'
Return on Asking Price - 8.00%

Estimated Outgoings
Council Rates - $13,500.00
Water Rates - $750.00
Insurance - $3,500.00

For further information give Daniel Lavery (0411 174 452) or James Brennan (0434 967 357) a call, or email them at [email protected] & [email protected].