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Investment Highlights

  • Net rental income of $202,621 p.a. plus GST, fully outgoings-recoverable by tenants.
  • Fixed annual rent reviews across multiple leases; opportunities for additional upside via market reviews.
  • Seven separate tenancies delivering diversified income security.
  • Total site area 1,012 m² with approximately 935 m² of improvements.

Executive Summary

Situated within the highly regarded Saint Barbara Square precinct on Kalgoorlie’s prime commercial strip, 248 Hannan Street presents an exceptional multi-tenanted investment opportunity. Comprising approximately 935 m² of building area on a 1,012 m² site, the property offers a well-balanced tenancy mix and significant income stability supported by staggered lease terms and structured rent reviews. The asset includes seven separate tenancies diversified across retail and office uses, delivering a strong net rental income of $202,621 per annum (plus GST) with all standard outgoings recoverable under leasing arrangements. Fixed annual increases embedded across tenancies, coupled with select market review provisions, underpin predictable cash flow while providing scope for future rental uplift. Located in a high-visibility position with excellent pedestrian and vehicular exposure, this property benefits from proximity to the central business and retail core of Kalgoorlie—an established regional hub with strong economic fundamentals driven by mining, logistics, and services.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,064 SF
Building Class
B
Price
$1,534,670
Price Per SF
$152.49
Cap Rate
9.42%
NOI
$144,631
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.92
Lot Size
0.25 AC
  • Listing ID: 40323396

  • Date on Market: 4/28/2026

  • Last Updated:

  • Address: 248 Hannan St, KALGOORLIE, WA 6430

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