SOLD
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Sold on 13 Jul 2024 - Price Unavailable

137 Cathedral Avenue
Geraldton WA 6530

Bedrooms: -
Bathrooms: -
Car spaces: 22
Floor area: 2000m2
Land area: 5017m2
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Property Details for 137 Cathedral Ave, Geraldton

Building Type
Commercial
Floor Size
2000m2
Land Size
5017m2
Local Government
Greater Geraldton
Lot/Plan
862/P226609

Last Listing description (July 2024)

Sails Motel presents an exceptional opportunity for a buyer with an eye to expanding for the future or a company keen to secure a central location for staff accommodation with room to park up numerous work vehicles.
• Cathedral Avenue is the main road into Geraldton.
• 1200 metres to the foreshore.

• Both major hospitals and numerous schools are close by.
• 23 bedrooms and 22 bathrooms.
• Below Ground Pool, Reception and Laundry.
• Communal Kitchen.
• 5017m2 block size of which over half is available for vehicle parking.
• 2000m2 building footprint of which 1000m2 is not used. (approximately)
• Video clip available of the property upon request

This is a rare find in the centre of Geraldton. The income derived from the current business is excellent however, the real potential here lies in the eventual expansion and use of the land. If you are a company looking to house staff, this would be equivalent to almost 6 x 4 bedroom homes plus you get the exceptional benefits of all the extra land.

For more details, call Henry on 0429995121

Like an appraisal on your property then please call Team Van Tiel on 0429 995 121 and let our family help yours.

You can also see our beautiful homes and follow us at:

• Facebook - Team Van Tiel - Ray White Geraldton

*Please be advised that this information has been supplied to the best of the agent's knowledge however, it is always advisable for you to complete your own research and due diligence in these matters.

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Property History for 137 Cathedral Ave, Geraldton, WA 6530

A timeline of how this property has performed in the market
Last Sold
13 Jul 2024
  • 13 Jul 2024
    Sold for $1,500,000
  • 19 Mar 2024
    Listed for Sale Under Contract
  • 19 Jan 2012
    Sold for $1,600,000
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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 2,422 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 16 properties listed for sale, and 12 properties listed for rent in Geraldton on OnTheHouse. According to CoreLogic's data, 177 properties were sold in the past 12 months in Geraldton.

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Henry Vantiel
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Ray White Geraldton
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