248 Hannan Street, Kalgoorlie WA 6430

Investment Opportunity – Saint Barbara Square Precinct

Positioned within the well-established Saint Barbara Square on Hannans Street, this multi-tenanted commercial property presents an outstanding opportunity for investors seeking a strong, diversified income stream in a prominent retail location.
Comprising seven (7) separate tenancies, the asset delivers a balanced mix of long-term security and leasing flexibility, underpinned by outgoings-recoverable leases and structured rental growth.

Key Investment Highlights
• Net Rental Income: $202,621.08 per annum + GST
• Seven (7) tenancies providing diversified income security
• Located within a highly regarded commercial precinct
• Fixed annual rent increases across multiple leases
• Staggered lease expiries to mitigate vacancy risk
• Opportunity to capture rental upside via market reviews

Outgoings Breakdown (Recoverable)
All standard outgoings are recoverable from tenants, including:
• Council Rates – $28,556.60
• Water Rates – $1,680.00
• Insurance – $12,000.00
OTHER - $12,050.00
Total Outgoings: $54,286.60 per annum

Tenancy Profile
The property benefits from a well-balanced tenancy mix, including:
• Long-term leases with options providing income stability
• Established tenants with fixed annual increases
• Select tenancies with market rent review provisions, allowing near-term growth
Investment Summary
This is a well-rounded commercial investment offering:
• Strong net passing income from day one
• Minimal landlord expense exposure due to outgoings recovery
• Built-in rental growth mechanisms
• Flexibility to enhance returns over time
With its strategic location and diversified tenancy profile, this property represents a stable, income-producing asset with future upside in a tightly held commercial precinct.

For more information or to inspect the property contact Robbie today!

Robert Gilmore – 0419 864 695 OR [email protected]