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8/429-437 Chapman Road
Bluff Point WA 6530

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Property Details for 8/429-437 Chapman Rd, Bluff Point

Building Type
Commercial
Local Government
Greater Geraldton

Last Listing description (August 2024)

// Summary
The Newsagency Post Office is a long standing local business well known by locals and visitors located in the suburban business hub shopping precinct of Geraldton known as Bluff Point.

// Location
8/429-437 Chapman Road, BLUFF POINT
The mid west region is in the midst of a massive economic transformation and expansion with many new projects bringing considerable infrastructural development
In short there are many sound reasons for investing in the future of WA's Mid West

// Potential
With plenty of data and analysis on record for potential Buyers there is extensive information available to constantly revise the business in its direction of satisfying demands and maximising profits
Current focus points have kept the business on top of supplies and in control of demands making a very satisfied community and happy management of 15 staff

// Skills
With Lottery and Australia Post training carefully regulated skills are very important and up to standard and this becomes easy when staff are being professional and are well communicated and cared for by the Proprietors

BPN prides itself on being a very friendly and helpful service eagerly ready to meet consumer demands and expectations

// Hours
Hours:
Monday to Friday 7?am–6?pm
Saturday 7?am–5?pm

// Lease
Lease 1st July 2021 to 30th June 2026 with 2 options of +5 years available

// Employees
Three permanent staff Five Postal Officers Six Lotto Agents Two casuals
All staff have between 2 to 16 years experience in the business
Some staff versatile in both the postal and lotto service duties
All staff handle news and giftware sales

// Reason for Sale
Life's circumstances has brought this thriving family business to the market with an opportunity that they are excited to move into but management will remain and they will offer due diligence and priceless guidance to the right Buyers and will happily take a back seat in management if required

// About the Business
Bluff Point Newsagency has been operating for over 17 years

Throughout this time they have embarked upon a program of continued growth and development of the business

Being mindful of the trend to online shopping increasing the use of Postal Services and having identified the growing demand for giftware and toys, the business expanded in 2011 increasing the floor space some 80sqm

The expansion proved a positive decision and allowed for a greater focus on Postal Services – creating a separate zone within the store allowing a designated Post Counter with an additional Post Terminal

This expansion afforded a significant increase in Australia Post product range. The expansion also enabled the introduction of giftware and toys, and for an increase in the range of stationary products

Having developed a greater understanding of the business and becoming aware of the unrealised potential of significant increase to numbers of customers in store the business began receiving street mail/Parcels

This proved invaluable and has significantly increased customer volume. The volume of parcels continues to grow year on year, and each Christmas season has demonstrated positive growth compared to the prior Christmas period

Christmas 2022 season yet again saw additional shelving and storage solutions for the increased (on last year) volume of parcels

At a time of gradual change for the Newsagency channel, where there has been much conjecture about the slowly reducing popularity of newspapers and magazines, BPN has reinvented itself as a substantial and necessary business, maintaining community relevance and continued growth

This repositioning in the market and continued focus on product and service variety/delivery has maintained businesses relevance in the community

The mid west region is in the midst of a massive economic transformation and expansion with many new projects bringing considerable infrastructural development
In short there are many sound reasons for investing in the future of WA's Mid West

There is potential for the future value of the region’s gross regional product to increase up to $21 billion by 2031

Studies indicate the population has the potential to grow to around 80,000 by 2025 and in 20 years the population could double

The Mid West Development Commission’s Investment Plan 2011 - 2021 aims to provide necessary support so that the population of the region can grow sustainably based on lifestyle and permanent residence rather than transience based solely on employment opportunities

// History
Bluff Point Newsagency has been operating for over 17 years and has reinvented itself as a substantial and necessary business maintaining community relevance and continued growth throughout this time
Being mindful of the online shopping trend BPN increased the use of Postal Services identifying the growing demand for giftware and toys the business expanded in 2011 increasing the floor space some 80sqm while repositioning in the market and continuing focus on product and service has maintained BPN's community relevance

Property History for 8/429-437 Chapman Rd, Bluff Point, WA 6530

A timeline of how this property has performed in the market
  • 15 Sep 2023
    Listed for Sale Contact Agent

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About Bluff Point 6530

The size of Bluff Point is approximately 1.5 square kilometres. It has 5 parks covering nearly 13.8% of total area. The population of Bluff Point in 2011 was 1,337 people. By 2016 the population was 1,347 showing a population growth of 0.7% in the area during that time. The predominant age group in Bluff Point is 60-69 years. Households in Bluff Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bluff Point work in a professional occupation. In 2011, 59.1% of the homes in Bluff Point were owner-occupied compared with 57.5% in 2016.

Bluff Point has 779 properties. Over the last 5 years, Houses in Bluff Point have seen a 112.03% increase in median value, while Units have seen a 91.37% increase. As at 31 October 2024:

  • The median value for Houses in Bluff Point is $444,753 while the median value for Units is $291,083.
  • Houses have a median rent of $500 while Units have a median rent of $365.
There are currently 8 properties listed for sale, and 1 property listed for rent in Bluff point on OnTheHouse. According to CoreLogic's data, 67 properties were sold in the past 12 months in Bluff point.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.