Care organisation Goldfields Individual & Family Support Association Inc has snapped up a central Kalgoorlie commercial asset to part-occupy.
On just under an acre at 126-130 Egan Street, at the corner of Cassidy, the property was offloaded by HBF Health Limited, which also based itself in part of the space.
The $3 million deal was struck by Ray White Commercial’s Michael Milne, who marketed the holding’s development upside; given the zoning – Central Business and Mixed Use – it could have made way for a fast food restaurant, petrol station, hotel or residential, he said.
With 1466 square metres of lettable area and 43 car parks, it is currently a medical hub also accommodating a chiropractor, dentist and pathologist.
The deal comes 11 months since Dorado picked up a YMCA-backed childcare centre at nearby 45-49 Porter St – part of an $18.4m spending spree.
Also last year, Arcana Capital purchased a 4.9ac commercial development site at West Kalgoorlie, outlaying $10.9m.
GIFSA will relocate from South Kalgoorlie.
With a greater population of nearly 30,000, the region is 600 kilometres east of Perth and 400km north of Esperance (story continues below).
126-130 Egan Street
HBF recently relocated functions undertaken at 126-130 Egan St to the Coles and Kmart anchored Kalgoorlie City Shopping Centre, diagonally adjacent.
The Kalgoorlie property was one of three regional WA assets it listed last year; all have now traded.
“GIFSA is an established not-for-profit organisation that provides broad services and assistance in the areas of health, homecare, education and cultural programs and have participants engage in community, social, recreational or economic activities,” Mr Milne said.
The Egan St holding will service its accommodation requirements, he added.
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