1/165 Marine Terrace,
Geraldton, WA 6530
Shops & Retail • Offices • Other
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Expressions of Interest
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Map of 1/165 Marine Terrace
Bus stops within 5 km of 1/165 Marine Terrace, Geraldton, WA 6530 Distance Lester Av Before Fitzgerald St 177 m Chapman Rd After Durlacher St 293 m Sanford St Stirling Centre Shopping Centre 376 m Maitland St After Augustus St 394 m Anzac Tce Before Durlacher St 419 m POWERED BY HERE ©
POWERED BY HERE ©
Tenanted CBD Investment
Capitalise on the opportunity to secure a tenanted CBD investment property, on sought-after Marine Terrace in the West End.
Currently occupied long-term by iconic local business Mick Davey Butchers, with a lease in place, and a solid return of $32,851pa + outgoings. Further lease details can be made available to qualified buyers.
An additional 319m2 portion of land, separate to the main building, is located to the rear of the strata lot, giving potential for carparking, or further development.
This property is zoned 'Regional Centre', opening it up to a variety of uses should it become vacant, including office, consulting, medical, fast food, restaurant / cafe, small bar, dry-cleaning, and more, subject to approvals.
Buyers would be well advised to consider the potential uplift to the area, given the proposed $31 million dollar "West End Precinct" development mere metres away. Further information can be found here:
https://prod-dplh-media.s3.amazonaws.com/docs/default-source/daps/20231219-agenda-no-124-city-of-greater-geraldton.pdf?sfvrsn=aada8046_7
For further information about this tidy commercial investment property, please call Matt Poynton on 0437 770 3....
Note: Boundaries in images are indicative only. This is a strata lot, and a heritage classification applies. Buyers should do their own independent due diligence to ensure the suitability of the property to their individual requirements.
Currently occupied long-term by iconic local business Mick Davey Butchers, with a lease in place, and a solid return of $32,851pa + outgoings. Further lease details can be made available to qualified buyers.
An additional 319m2 portion of land, separate to the main building, is located to the rear of the strata lot, giving potential for carparking, or further development.
This property is zoned 'Regional Centre', opening it up to a variety of uses should it become vacant, including office, consulting, medical, fast food, restaurant / cafe, small bar, dry-cleaning, and more, subject to approvals.
Buyers would be well advised to consider the potential uplift to the area, given the proposed $31 million dollar "West End Precinct" development mere metres away. Further information can be found here:
https://prod-dplh-media.s3.amazonaws.com/docs/default-source/daps/20231219-agenda-no-124-city-of-greater-geraldton.pdf?sfvrsn=aada8046_7
For further information about this tidy commercial investment property, please call Matt Poynton on 0437 770 3....
Note: Boundaries in images are indicative only. This is a strata lot, and a heritage classification applies. Buyers should do their own independent due diligence to ensure the suitability of the property to their individual requirements.
Property ID: 504619324Last Updated: 19 Jun 2024
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1/165 Marine Terrace
Geraldton, WA 6530
ActiveWest Real Estate - Geraldton61 Marine Terrace
GERALDTON, WA 6530
GERALDTON, WA 6530
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Expressions of Interest
233 Lester Avenue,Geraldton, WA 6530 1879 m²Medical & Consulting • Shops & Retail • Offices