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Burgess Rawson - Melbourne

Westpac, 8 Chapman Road Geraldton, WA 6530

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Westpac, 8 Chapman Road,
Geraldton, WA 6530

Shop & Retail • Medical & Consulting • Offices

Price information

Sale - Auction

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$143,286
Number of Tenants
1 Tenant
Tenants / Type
Westpac

Private inspections

to arrange a private inspection.
Burgess Rawson - Melbourne
Shaun Venables
Jamie Perlinger

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Westpac, 8 Chapman Road
Geraldton, WA 6530

Map of Westpac, 8 Chapman Road

Directions
  • Bus stops within 5 km of Westpac, 8 Chapman Road, Geraldton, WA 6530Distance
    Chapman Rd After Durlacher St135 m
    Sanford St Stirling Centre Shopping Centre164 m
    Anzac Tce Before Durlacher St229 m
    Anzac Tce After Durlacher St242 m
    Lester Av Before Fitzgerald St345 m
    POWERED BY HERE ©
POWERED BY HERE ©

Prime Westpac Bank Investment

  • Recently renewed lease to 2029
  • Tenant pays all usual outgoings
  • Fixed 3% rent increases
+ Recently renewed lease to December 2029 plus options
+ Westpac Banking Corp: One of Australia’s largest providers of financial services with a market cap of $94.32B (ASX:WBC).
+ Tenant pays all usual outgoings as per lease including Land Tax.
+ Guaranteed rental growth with annual fixed 3% rent increases.
+ Excellent tax saving depreciation benefits
+ Direct access via Chapman Road, a major Geraldton arterial road servicing an average of 14,000+ vehicles per day.**
+ Immaculate 312sqm premises in strategic retail/finance precinct including ANZ, CBA, NAB, and BOQ.
+ Perfect position opposite the entrance to Stirlings Central, one of Geraldton's largest shopping centres, anchored by Woolworth, Best and Less, BWS, Reject Shop and 35 specialty retailer.
+ Surrounded by important social infrastructure including 11 schools within 2km servicing a combined 4,401 full time students.**
+ Conveniently situated within close proximity to various high-profile tenants – IGA, Harvey Norman, Cotton On, Cellarbrations, Vinnies and various fast-food restaurants all within 300 metres.
+ Geraldton: Major economic, Mining, Tourism, Aquaculture & Agriculture Hub including Australia’s largest grain export terminal. By 2036, the City of Geraldton’s population is forecast to grow 47% to 56,103.***
+ Strategic essential service investment.
+ Net Income: $143,286 pa + GST

For Sale by Investment Portfolio Auction
11am (AEST) Thursday 30 September 2021


**GapMaps
***Forecast.id

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Property ID: 503898478Last Updated: 22 Oct 2021

Agency contacts

Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Perth
Level 10, 225 St Georges Terrace
PERTH, WA 6000
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