for salefortune business & property brokers licensee midtime pty ltd abn 91073446983 ibm...

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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)

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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!

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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*


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.!

!!!! !


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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)*


* ((*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.*

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TITLE(DETAILS(

Lot*43*on*Diagram*074667*Certificate*of*Title*Volume*1905*Folio*876.*Refer*Annexure*A*

AERIAL(PHOTO(

Refer*Annexure*B.*

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ZONING(

Town*Centre.*

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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.*

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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.*

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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.*

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HERITAGE(COUNCIL(OF(WA(


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.*

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SHIRE(RATES*c*July*1,*2017*to*June*30,*2018** $2,023.79*

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WATER(RATES**c*July*1,*2017*to*June*30,*2018* $2,135.76*

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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.*

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ESTABLISHMENT(OF(ASKING(PRICE(FREEHOLD(LAND(AND(IMPROVEMENTS(

58(Massingham(St,(Kellerberrin((

(Kellerberrin(Licensed(Post(Office)(


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*


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((*