SOLD
Sold on 08 Feb 2024 for $720,000

8C Chapman Road
Geraldton WA 6530

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 87m2
Land area: 489m2
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Property Details for 8c Chapman Rd, Geraldton

Building Type
Commercial
Year Built
2009
Floor Size
87m2
Land Size
489m2
Local Government
Greater Geraldton
Lot/Plan
5/S057678

Last Listing description (November 2023)

Colliers is pleased to present for sale 8c Chapman Road, Geraldton. As outstanding opportunity for the astute owner-occupier or investor to acquire superb retail or offices in the heart of Geraldton's thriving CBD precinct. Be quick for this one, it must be sold, and all offers presented.

For sale by Offers Invited closing 11 September 2023.

Location

A rare chance to join blue chip brands including Westpac, the CBA and the ANZ Bank plus leading retailer's including Woolworths, BWS and Best and Less in one of Geraldton's most sought after commercial locations.

Improvements
The property consists of a single level, open plan strata commercial unit featuring on site car parking for 9 cars with high profile corner exposure.

Strata Area
312sqm

Parking
9 onsite car bays

Zoning
The City of Geraldton advise that the property is currently zoned "Regional Centre".

Possession
The property is offered with vacant possession.

Sale Details
For sale by Offers Invited closing 11 September 2023.

Property History for 8c Chapman Rd, Geraldton, WA 6530

A timeline of how this property has performed in the market
Last Sold
$720,000
08 Feb 2024
  • 08 Feb 2024
    Sold for $720,000
  • 08 Aug 2023
    Listed for Sale Please contact agent

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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 2,425 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 17 properties listed for sale, and 13 properties listed for rent in Geraldton on OnTheHouse. According to CoreLogic's data, 169 properties were sold in the past 12 months in Geraldton.

Suburb Insights for Geraldton 6530

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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.