79 Marine Terrace Geraldton, WA 6530

The building iconically known as the Freemasons Hotel, is on the market!

PROPERTY
* Land: 1,158 m2 approx
* Building: 1,565m2

LEGAL DESCRIPTION
Lot 8 on Strata Plan 25078 Certificate of Title Volume 1992 Folio 95

ZONING
Regional Centre

USE
Hotel

HISTORICAL:
Category 2
Considerable Significance: Very important to the heritage of the locality. For more information, contact the City of Greater Geraldton.

NUMBER OF TENANCIES
1

OCCUPANCY
Leased

TENANCIES
Tenancy 1 - Strong Tenant

PROPERTY EXTENT
Whole of Lot 8

TENURE TYPE
Tenanted Investment

STATUTORY & VARIABLE OUTGOINGS
Tenant pays all usual outgoings

KEY PROPERTY INFORMATION
Lease commenced 2019 and expires in October 2024, with a 5 year further term.
Annual CPI rent reviews.
Market review in 2024.

ADDITIONAL FEATURES
This large two storey L shaped building is situated on a prominent corner location. The colorbond custom orb roof is hipped and steeply pitched over looking the city scape.
Two storey verandahs which cover the footpath, the ground floor features large arched windows with decorative moulds. The corner roof tower was reinstate in the early
2000's.

GERALDTON
Major economic, mining, tourism, agriculture hub including Australia's largest grain export terminal.

GERALDTONS FORECAST BY 2036
City of Greater Geraldton population is expected to grow 46% to 56,000.

This property is to be SOLD by private treaty.

Viewings are available on request, to obtain more information, please contact listing agent Peter Sukiennik on 0418 939 013.