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
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.
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 2,420 properties. Over the last 5 years, Houses in Geraldton have seen a 120.74% increase in median value, while Units have seen a 69.66% increase. As at 31 January 2025:
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