for salefortune business & property brokers licensee midtime pty ltd abn 91073446983 ibm...
TRANSCRIPT
![Page 1: FOR SALEFortune Business & Property Brokers Licensee Midtime Pty Ltd ABN 91073446983 IBM Building Level 3 1060 Hay Street West Perth WA 6005 Postal: PO Box 1344 Canning Bridge WA 6153](https://reader034.vdocuments.net/reader034/viewer/2022050513/5f9d6fc5b662384f1850e96c/html5/thumbnails/1.jpg)
Macintosh*HD:Users:Mulcahy:Documents:PROFILES:Kellerberrin*LPO:KelPO*Property.docx****Page*1*of*8*
!
!
!
!
FOR SALE KELLERBERRIN POST OFFICE FREEHOLD
BUILDING WITH VACANT POSSESSION (i.e.Without Post Office Business)
A SUBSTANTIAL HOME PLUS ROOM FOR BUSINESS OF YOUR CHOICE IN ONE PACKAGE (Subject To Council Approval)
!
!
o POST!OFFICE!BUSINESS!TO!BE!RELOCATED!TO!ANOTHER!LOCATION!IN!KELLERBERRIN!CBD!
o ACQUIRE! A! MAGNIFICENT! REFURBISHED! HERITAGE! BUILDING! WITH! EXTENSIVE! FOUR! BED!
RESIDENCE!ZONED!TOWN!CENTRE!NOW!WITH!VACANT!POSSESSION!
!!
*
Fortune Business & Property Brokers Licensee Midtime Pty Ltd ABN 91073446983 IBM Building Level 3 1060 Hay Street West Perth WA 6005 Postal: PO Box 1344 Canning Bridge WA 6153 Telephone: (08) 9315 2700 Facsimile: 08 9321 0320 Email: [email protected] Web: www.fortune.net.au*
Contact: Phil Mulcahy
Phone: 9315 4401
Mobile: 0418 689 423
Fax: 08 9321 0320
Email: [email protected]
Website: www.fortune.net.au*
![Page 2: FOR SALEFortune Business & Property Brokers Licensee Midtime Pty Ltd ABN 91073446983 IBM Building Level 3 1060 Hay Street West Perth WA 6005 Postal: PO Box 1344 Canning Bridge WA 6153](https://reader034.vdocuments.net/reader034/viewer/2022050513/5f9d6fc5b662384f1850e96c/html5/thumbnails/2.jpg)
Macintosh*HD:Users:Mulcahy:Documents:PROFILES:Kellerberrin*LPO:KelPO*Property.docx****Page*2*of*8*
o EXTENSIVE!RETAIL/COMMERCIAL!SPACE!NOW!SUITABLE!FOR!
LEGAL!PRACTICE!
ACCOUNTING!PRACTICE!
AGRICULTURAL!CONSULTING!PRACTICE!
! GENERAL!RETAIL!!
ART!GALLERY!
COFFEE!SHOP/RESTAURANT!
CHILD!CARE!CENTRE!!
BACKPACKER!ACCOMMODATION!
o A!DELIGHTFUL!HOME!OF!GRAND!PROPORTIONS.!
o LOCATED!ON!GREAT!EASTERN!HIGHWAY!WITH!EXTENSIVE!PASSING!TRAFFIC!ONLY!202!KMS!
EAST!OF!PERTH!(APPROXIMATELY!2!HOURS!DRIVE)!
o TWO! MAJOR! BUILDING! REFURBISHMENT! PROGRAMMES! COMPLETED! (IN! 2003! AND! 2015)!
UNDER! SUPERVISION! OF! THE!WEST! AUSTRALIAN! HERITAGE! COUNCIL! AT! A! TOTAL! COST! OF!
$179,952.80.!
o IN!ADDITION!TO!THE!ABOVE!THE!OWNERS!GUTTED!THE!EXISTING!KITCHEN!AND!INSTALLED!A!
NEW!KITCHEN!COMPLETE!WITH!NEW!APPLIANCES.!
o TAKE!A!TREE!CHANGE.!SELL!YOUR!CITY!PROPERTY!AND!CASH!UP.!SEMI!RETIRE!TO!A!COUNTRY!
MANOR! ONLY! 2! HOURS! EAST! OF! PERTH! AND! ENJOY! THE! INCOME! GENERATED! BY! THE!
EXTENSIVE!GROUND!FLOOR!RETAIL/COMMERCIAL!SPACE.!
!!!! !
![Page 3: FOR SALEFortune Business & Property Brokers Licensee Midtime Pty Ltd ABN 91073446983 IBM Building Level 3 1060 Hay Street West Perth WA 6005 Postal: PO Box 1344 Canning Bridge WA 6153](https://reader034.vdocuments.net/reader034/viewer/2022050513/5f9d6fc5b662384f1850e96c/html5/thumbnails/3.jpg)
Macintosh*HD:Users:Mulcahy:Documents:PROFILES:Kellerberrin*LPO:KelPO*Property.docx****Page*3*of*8*
**** *
KELLERBERRIN(
Kellerberrin* is* centrally* located* in* the* Wheatbelt,* just* 202km* east* of* Perth* along* Great*Eastern*Highway;*Kellerberrin*is*a*warm,*charming*community,*steeped*in*a*vibrant*history*dating*back*from*its*Indigenous*people*to*European*pioneers.*The*Shire*includes*the*localities*of*Kellerberrin,*Doodlakine,*Baandee*and*North*Baandee.*Celebrating* its*centenary* in*2008,*Kellerberrin’s* longevity* is* attributed* to* the* passion* and* commitment* of* its* community,* the*beauty*of*its*natural*attractions*and*the*fostering*of*new*forms*of*artistic*expression.*Kellerberrin*Council*provides*of* services* that*benefit* the* community* socially,* economically,*environmentally*and*culturally.**Local*facilities*are*numerous*and*include*• A*District*High*School,*which*accommodates*students*from*Kindergarten*to*year*10.**There*is*also*a*playgroup.*
• A*Hospital,*Medical*Centre,*Pharmacy*and*Aged*Care*Facilities*• Numerous*Community*Groups**• Every*imaginable*Sporting*Group*i.e.*⋅ Basketball*Club*⋅ Bowling*Club*–*Kellerberrin*⋅ Cricket*Club*⋅ Dart*Club*⋅ Football*Club*⋅ Golf*Club*–*Kellerberrin*⋅ Hockey*Clubs*⋅ Netball*Association*⋅ Pistol*Club*⋅ Riding*and*Pony*Club*⋅ Speedway*Club*⋅ Tennis*Club*⋅ Trotting*Club*(Central*Wheatbelt*Harness*Racing*Club)*
• A*Recreation*&*Leisure*Centre*which*includes*grounds*for*these*various*clubs*in*the*Greater*Sports*Ground*
• Community*Resource*Centre*⋅ Library*–*large*range*of*print*books,*audio*books*and*dvd’s.*⋅ Toy*Library*⋅ Internet*Café*⋅ Tourist*Information*⋅ Secretarial*Services**⋅ Merchandise**⋅ Facilitate*training*courses*(subject*to*demand)*
![Page 4: FOR SALEFortune Business & Property Brokers Licensee Midtime Pty Ltd ABN 91073446983 IBM Building Level 3 1060 Hay Street West Perth WA 6005 Postal: PO Box 1344 Canning Bridge WA 6153](https://reader034.vdocuments.net/reader034/viewer/2022050513/5f9d6fc5b662384f1850e96c/html5/thumbnails/4.jpg)
Macintosh*HD:Users:Mulcahy:Documents:PROFILES:Kellerberrin*LPO:KelPO*Property.docx****Page*4*of*8*
* ((*LOCATION
58*Massingham*Street,*Kellerberrin.*Massingham*is*the*main*business,*commercial*and*retail*thoroughfare*of*Kellerberrin.*Massingham*Street*is*indeed*part*of*Great*Eastern*Highway,*the*main*thoroughfare*from*Perth*to*Kalgoorlie*and*beyond*to*the*Eastern*States.*
*
TITLE(DETAILS(
Lot*43*on*Diagram*074667*Certificate*of*Title*Volume*1905*Folio*876.*Refer*Annexure*A*
AERIAL(PHOTO(
Refer*Annexure*B.*
*
ZONING(
Town*Centre.*
*
LAND(SIZE(AND(DIMENSION(–(Refer(Anneure(C(
Total* land*area*is*703.262m2.*The*lot* is*rectangular*in*shape*with*an*approximate*18cmetre*frontage*to*Massingham*St*and*a*depth*of*38*metres.*
The*land*is*flat*and*appears*well*drained.*
*
**** *
*** *
(
![Page 5: FOR SALEFortune Business & Property Brokers Licensee Midtime Pty Ltd ABN 91073446983 IBM Building Level 3 1060 Hay Street West Perth WA 6005 Postal: PO Box 1344 Canning Bridge WA 6153](https://reader034.vdocuments.net/reader034/viewer/2022050513/5f9d6fc5b662384f1850e96c/html5/thumbnails/5.jpg)
Macintosh*HD:Users:Mulcahy:Documents:PROFILES:Kellerberrin*LPO:KelPO*Property.docx****Page*5*of*8*
LPO(BUILDING(AND(RESIDENCE(
The*Kellerberrin*LPO*building*and*residence*is*a*classic*Federation*style*structure*of*simply*grand*proportion.*
A* floor*plan*of* the*ground* floor*and* first* floor* is*shown*as*Annexure*D*–*A*Site*Plan* is*also*included*in*Annexure*D..*
Two*major* refurbishment* programmes* have* been* undertaken* by* the* current* owners,*with*the*professional*and*financial*assistance*of*the*Heritage*Council*of*WA.*
The*first*refurbishment*programme*occurred*in*2002*and*2003*at*a*total*cost*of*$43,664.50.!The* background* to* this* refurbishment* programme,* details* of* the* funding* and* the* works*carried*out*is*detailed*in*a*“Conservation*Works*Final*Report*dated*October*2003”.*A*full*copy*of*this*report*is*included*in*this*profile*as*Annexure*E.*
A*second*major*refurbishment*programme*occurred*in*2015*at*a*total*cost*of*$131,288.30.*The* background* funding* details* and* the* works* carried* out* is* detailed* in* a* “Conservation*Works* Final* Report* dated* September* 2015”.* This* report* is* incorporated* in* this* profile* as*Annexure*F.*
A*key*point*in*relation*to*the*above*refurbishment*programme*is*that*works*were*completed*under*the*strict*supervision*of*professional*consultants*employed*by*the*Heritage*Council*of*WA.*As*such*the*works*have*been*completed*to*a*very*high*standard.*
In*addition*to*works*detailed*above*the*owners*have*recently**(2015)*gutted*the*kitchen*and*replaced* it*with* a* completely* new*kitchen* at* a* cost* of* circa*$10,000.* The* kitchen*has* new*cupboards,* bench* tops,* sink,* wall* tiles,* a* new* gas* cooktop* and* electric* oven* and* polished*floorboards.* It* now* presents* as* a* modern,* very* functional* kitchen* but* with* a* heritage*character*and*style.*
The*kitchen*has*a*large*walkcin*pantry*and*extensive*shelving.*It*also*houses*a*refrigerator.*
The*rear*downstairs* living/dining*room*has*a*reverse*cycle*air*conditioning*unit.*This*room*also*has*a*fully*operational*fireplace*with*a*builtcin*tile*fire.*
The*LPO*and*retail*area*has*a*large*reverse*cycle*ducted*air*conditioning*system.*
*
BUILDING(WORKS(TO(BE(COMPLETED(
1. There*is*a*toilet*adjacent*to*the*side*access*to*the*eastern*side*of*the*building*which*is*currently*not*in*service.*There*are*however*two*wc’s*in*working*order*on*the*ground*floor* and* one* on* the* first* floor.* These* are* shown* on* the* floor* plan* included* as*Annexure*C.*
2. The*refurbishment*works*carried*out*in*2015*included*the*making*good*and*fixing*of*several*wall*cracks*but* these*works*did*not* include* interior*painting*and*decoration.*The*owners*have*not*repainted*the*inside*of*the*building*because*they*were*concerned*that*a*new*owner*may*not*approve*of*the*colours*chosen.*Accordingly*any*new*owner*would*need*to*repaint*the*interior*to*finish*off*the*refurbishments*completed*in*2015.*In*pricing* the* freehold* land*and* improvements*Fortune*has* taken* into*consideration*the*cost*of*repainting*and*decorating*the*interior*by*qualified*tradespersons.*
3. The* upstairs* bathroom* incorporating* a* shower,* bath* and* handcbasin,* whilst*serviceable,* is* in* need* of* renovation.* Again* Fortune* has* accounted* for* this*refurbishment*in*determining*the*asking*price*for*the*land*and*improvements.*
*
HERITAGE(COUNCIL(OF(WA(
![Page 6: FOR SALEFortune Business & Property Brokers Licensee Midtime Pty Ltd ABN 91073446983 IBM Building Level 3 1060 Hay Street West Perth WA 6005 Postal: PO Box 1344 Canning Bridge WA 6153](https://reader034.vdocuments.net/reader034/viewer/2022050513/5f9d6fc5b662384f1850e96c/html5/thumbnails/6.jpg)
Macintosh*HD:Users:Mulcahy:Documents:PROFILES:Kellerberrin*LPO:KelPO*Property.docx****Page*6*of*8*
The* building* is* listed* on* the* Heritage* Council’s* list* as* a* place* of* historic* significance.* The*building* is* highly* regarded* because* of* its* unique* architecture,* aesthetic* appeal* and* the*Council’s* desire* to* preserve* historic* and* important* buildings* in* the* wheatbelt* of* Western*Australia.*
To* preserve* such* buildings* the* Council* makes* available* grants* for* the* preservation* and*restoration*of*buildings*listed*on*their*Register.*The*subject*property*has*been*the*recipient*of*two*such*grants;*in*2003*and*2015.*
A*most*detailed* conservation*plan* funded* by* the*Heritage*Council*of*WA*was* completed* in*June* 2001.* A* copy* of* this* report* is* available* to* prospective* purchasers* if* required* and*certainly*will*be*made*available*to*any*new*owner*of*the*property.*
*
SHIRE(RATES*c*July*1,*2017*to*June*30,*2018** $2,023.79*
(
WATER(RATES**c*July*1,*2017*to*June*30,*2018* $2,135.76*
*
ACCESS(WAY(TO(LOT(42(AT(THE(REAR(OF(THE(SUBJECT(PROPERTY(
Attached* to* this* profile* as* Annexure* C* is* a* diagram* showing* a* battlecaxe* access*way* from*Massingham*St*to*Lot*42*at*the*rear*of*the*subject*lot.*
Lot*42*houses*the*telephone*exchange.*
The*owners*of*the*LPO*property*and*business*use*this*access*to*gain*vehicular*access*to*the*rear*of*their*property.*
*In* the*20*years*the*owners*have* lived*and*worked*at* the*LPO*they*have*never*seen*anyone*else*use*this*access*way.*There*is*a*gate*at*the*end*of*the*access*way*where*the*bulk*of*Lot*42*begins.*
As*the*land*has*been*used*exclusively*by*the*owners*of*Lot*58*(the*LPO*Lot**and*as*the*access*way*has*been*gated*off*from*the*bulk*of*Lot*42*for*20*years,*there*is*a*possible*“adverse*rights*of*possession”*claim*with*regard*to*this*land.*
(
(
ESTABLISHMENT(OF(ASKING(PRICE(FREEHOLD(LAND(AND(IMPROVEMENTS(
58(Massingham(St,(Kellerberrin((
(Kellerberrin(Licensed(Post(Office)(
![Page 7: FOR SALEFortune Business & Property Brokers Licensee Midtime Pty Ltd ABN 91073446983 IBM Building Level 3 1060 Hay Street West Perth WA 6005 Postal: PO Box 1344 Canning Bridge WA 6153](https://reader034.vdocuments.net/reader034/viewer/2022050513/5f9d6fc5b662384f1850e96c/html5/thumbnails/7.jpg)
Macintosh*HD:Users:Mulcahy:Documents:PROFILES:Kellerberrin*LPO:KelPO*Property.docx****Page*7*of*8*
Fortune* has* to* hand* a* Valuation* on* the* subject* property* dated* January* 13,* 2015* for*$250,000.*
This*Valuation*was*completed*by*LMW*Hegney*who*are*National*Property*Valuers*and*Consultants* under* instruction* from* the* National* Australia* Bank* for* First* Mortgage*Security*purposes.*
Importantly* this* Valuation* was* completed* PRIOR* to* substantial* renovations* being*completed* in* September* 2015* at* a* cost* of* $131,288.30.* Also* the* Valuation* was*completed*prior*to*the*kitchen*being*completely*refitted*at*a*cost*of*circa*$10,000.*
A* critical* piece* of* sales* evidence* relates* to* the* land* and* improvements* immediately*adjacent*to*the*subject*i.e.*60*Massingham*St*which*sold*in*May*2011*for*$300,000.*
Whilst*a*dated*sale,*it* is*still*considered*appropriate*to*compare*the*property*with*the*subject*because*of*their*similarity.*
60* Massingham* St* was* previously* the* Bank* of* NSW* banking* chamber* and* managers*residence.* The* property* has* been* magnificently* restored* and* at* the* time* of* sale*presented*in* first*class*condition.* It* is*believed*the*subject*property*(the*LPO*building*and* residence)* would* compare* equally* once* the* interior* of* the* building* was* painted*and*completely*renovated.*
Land* size* for* 60* Massingham* St* is* 869m2* and* comprises* 2* lots,* one* 568m2* and* the*other* 301m2.* The* bank* improvements* are* built* over* the* boundaries* of* the* two* lots.*(See*Aerial*Photo*Annexure*B.)*
Accurate* floor* areas* of* the* bank* building* are* not* available* but* the* Aerial* Photo*indicates*that*floor*area*is*approximately*similar*to*the*subject*LPO*building;*the*latter*being*2*stories,*the*bank*building*being*one.*
Interior*spaces*of*both*buildings*are*comparable.*The*bank*chamber*compares*with*the*LPO* retail* and* working* areas.* The* residences* compare* in* that* they* both* have* high*ceilings,*ornate*cornices*and*spacious*rooms.*Each*residence*has*one*bathroom,*lounge*and*dining*with*an*open*fireplace*plus*3*bedrooms.*
The* interior* finish* of* the* bank* building* is* of* a* much* higher* standard* in* that* the*floorboards*are*polished*and*the*interior*is*totally*renovated,*finished*and*decorated.*
The* LPO* buildings* interior* needs* painting* and* decorating* and* the* bathroom* needs* a*complete* refurbishment* and* refit.* To*meet* the* same* standard* of* presentation* as* the*bank* building,* it* is* estimated* that* if* professional* tradespeople* were* employed* to*complete*refurbishment*and*decoration*of*the*LPO*building,*the*following*expenditure*would*be*required*
a) Painting,*decorating*total*interior* * * * $40,000*b) Refurbishment*and*refit*of*bathroom*and*separate*wc** $30,000*
![Page 8: FOR SALEFortune Business & Property Brokers Licensee Midtime Pty Ltd ABN 91073446983 IBM Building Level 3 1060 Hay Street West Perth WA 6005 Postal: PO Box 1344 Canning Bridge WA 6153](https://reader034.vdocuments.net/reader034/viewer/2022050513/5f9d6fc5b662384f1850e96c/html5/thumbnails/8.jpg)
Macintosh*HD:Users:Mulcahy:Documents:PROFILES:Kellerberrin*LPO:KelPO*Property.docx****Page*8*of*8*
c) Total** * * * * * * * * $70,000*
The*Valuation*dated*January*2015** $250,000*
Capital*Expenditure*September*2015** $130,000*
Less*refurbishment*required** * ($70,000)*
Resultant*Sum** * * * $310,000*
Based*on* the*above* fortune*has*adopted*$310,000* as*being*market*value* for* the* land*and*improvements*in*their*present*state*at*58*Massingham*St,*Kellerberrin.*
Conclusion!
Land!and!Improvements!!With!Vacant!Possession!! ! $310,000!
Disclaimer
Information contained in this profile is subject to the following disclaimer.
The information in this profile has been compiled from information supplied by the vendors of the relevant property/business. Fortune Business and Property Brokers has no reason to doubt its accuracy. However, Fortune Business and Property Brokers cannot guarantee the accuracy or content of this report. Nor can Fortune Business and Property Brokers take any responsibility for any estimate, projections, errors or omissions.
Accordingly, all interested parties are recommended to seek independent financial and legal advice concerning the relevant property/business.
EXCLUSIVE)AGENTS)FORTUNE(BUSINESS(AND(PROPERTY(BROKERS(
ALL(ENQUIRIES(
PHIL(MULCAHY(
(08)(9315(4401((or((0418(689(423([email protected]((www.fortune.net.au((
www.realcommercial.com.au((*