219-225 Dugan Street, Kalgoorlie, represents an exceptional investment opportunity, with a prime location and strong leasing arrangements. Here are the key details:
•Land Size: 3506 m² •Building Improvements: Approximately 1920 m², consisting of workshops, roof cover awnings, and office space •Zoning: Mixed Use •Total Annual Rent: $195,610.44 per annum •Current Return on Investment (ROI): 11% based on the asking price
Lease Schedule: 1.Wormald oRent: $52,196.28 PA + GST & Outgoings oLease Term: Until 31st July 2026 oCPI Increase: 31st July 2025
2.Mud Lodgic oRent: $61,521.36 PA + GST & Outgoings oLease Term: Until 31st January 2026, with an additional three-year option starting 1st February 2026 oCPI Increase: 1st February 2027 and 1st February 2028 oMarket Rent Review: Upon commencement of option period
3.Kurt & Natalie Trust oRent: $81,892.80 PA + GST & Outgoings oLease Term: Until 1st July 2027, with two 2-year options to follow oMarket Rent Review: Annually during lease term
This combination of long-term leases with well-established tenants offers strong, stable cash flow, making it a highly attractive investment in Kalgoorlie's mixed-use zone.
