Attractive Commercial Investment Returning Over 11% Net*

An excellent opportunity to secure a leased commercial investment in the heart of the Carnarvon CBD.
Currently returning $38,986 per annum (ex GST), the property is leased until September 2027, with a further one-year option available. The tenant is responsible for all outgoings and has indicated a strong interest in remaining beyond the current lease term.

Positioned on a 529m² site with prominent Stuart Street frontage, the property comprises a well-maintained brick office building with a flexible dual-tenancy layout. Recent improvements include new flooring and a hot water system, while ducted air-conditioning services the building throughout. Rear parking is available with access from Egan Street.

Building Features:
Reception area
Multiple private offices
Meeting and work areas
Kitchen/tearoom
Male and female amenities
Rear parking with Egan Street access

Current Outgoings (paid by the tenant):
Shire Rates: Approx. $4,549 p.a.
Water Rates: Approx. $2,772 p.a.
Insurance: Approx. $4,291 p.a.

Offers From $350,000 + GST if Applicable
Representing a net return of approximately 11.1% p.a. at the asking price.*

*Based on the current annual rent of $38,986 (ex GST) and the asking price of $350,000. Prospective purchasers should make their own enquiries and calculations.

Inspections

Explore the area

School catchments

St Mary Star of the Sea School - Secondary Campus Secondary Catholic 0.07km
St Mary Star of the Sea College Combined PP-12 Catholic 0.14km
Carnarvon School Of The Air Primary K-6 Government 0.32km
Carnarvon Christian School Primary PP-6 Independent 0.95km
Carnarvon Community College Combined K-12 Government 2.8km
Shark Bay School Combined K-12 Government 116.1km
Useless Loop Primary School Primary K-6 Government 140.6km
Gascoyne Junction Remote Community School Combined K-12 Government 157.4km
Carnarvon School Of The Air - Coral Bay Campus Primary Government 193.7km
Kalbarri District High School Combined K-12 Government 318.5km
Burringurrah Remote Community School Combined K-12 Government 331.6km
Exmouth District High School Combined K-12 Government 331.6km
Binnu Primary School Primary K-6 Government 365.4km
Pia Wadjarri Remote Community School Combined K-11 Government 369.5km
Onslow School Combined K-12 Government 390.4km
St Mary's School Primary PP-6 Catholic 397.3km
Northampton District High School Combined K-10 Government 397.9km
Leaning Tree Steiner School Combined PP-9 Independent 433.3km
Leaning Tree Steiner School - Glenfield Campus Combined Independent 433.3km
Geraldton Christian College Combined PP-12 Independent 441.1km
Geraldton Grammar School Combined PP-12 Independent 441.8km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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