FOR SALE
Expressions of Interest

122-124 Marine Terrace
Geraldton WA 6530

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 355m2
Land area: 468m2
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Own a slice of the Terrace

Under instructions from HLB Mann Judd Insolvency WA, RWC WA is pleased to present 122-124 Marine Terrace, Geraldton for sale via Expressions of Interest closing Thursday, 29 Aug at 2pm AWST.
122-124 Marine Terrace, Geraldton occupies a prominent, central position on Marine Terrace, which is the main retail strip of the Geraldton town centre and benefits from its rear access and frontage to Foreshore Drive and provides a fantastic opportunity to purchase a leased retail investment in the heart of the Geraldton CBD. The property comprises a regular shaped site of 468sqm*² improved with a retail showroom comprising two separate tenancies being 100% occupied by two retail tenants; a discount store trading as The Two Buck Shop and a café trading as The Comfort Zone Café & Lounge.
Property details:
• Central retail strip
• Prominent location with future redevelopment potential
• High level of exposure
• On-site parking to rear with adjoining public parking
• Ocean views to rear
• Passing income $74,049 plus GST (effective 22 July 2024)
For further information, please contact the exclusive selling agents below:
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Property Details for 122-124 Marine Tce, Geraldton

Building Type
Commercial
Floor Size
355m2
Land Size
468m2

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About Geraldton 6530

The size of Geraldton is approximately 4.5 square kilometres. It has 6 parks covering nearly 2.4% of total area. The population of Geraldton in 2011 was 3,461 people. By 2016 the population was 3,138 showing a population decline of 9.3% in the area during that time. The predominant age group in Geraldton is 50-59 years. Households in Geraldton are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Geraldton work in a professional occupation. In 2011, 50.5% of the homes in Geraldton were owner-occupied compared with 48.9% in 2016.

Geraldton has 2,421 properties. Over the last 5 years, Houses in Geraldton have seen a 119.08% increase in median value, while Units have seen a 72.53% increase. As at 31 October 2024:

  • The median value for Houses in Geraldton is $400,877 while the median value for Units is $313,268.
  • Houses have a median rent of $450 while Units have a median rent of $315.
There are currently 18 properties listed for sale, and 11 properties listed for rent in Geraldton on OnTheHouse. According to CoreLogic's data, 175 properties were sold in the past 12 months in Geraldton.

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Brett Wilkins
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Andrew Woodley-Page
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RWC WA
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