OFF MARKET

582 Chapman Road
Glenfield WA 6532

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 9958m2
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Property Details for 582 Chapman Rd, Glenfield

Building Type
Commercial
Land Size
9958m2
Local Government
Greater Geraldton
Lot/Plan
110/P039866

Last Listing description (May 2024)

Rarely does such an opportunity become available to own such a trophy asset as the Geraldton Shopping Centre. Located in the thriving Sun City of Geraldton, this region abounds with opportunity. Supporting extensive mineral and resource sectors, farming and cray fishing industries, and is a thriving tourist and holiday mecca.Situated on 9,958m2 of prime land on a supreme corner location, the whole shopping Centre covers over 2,819m2 of NLA area, divided into 12 separate shops (10 tenancies) including the local IGA, Newsagents, Chemist, Hairdresser, Medical and Liquor Barons as anchor tenants. The Glenfield Shopping Centre is a central commercial focal point and hot spot, and is primely located 3km from the center of town.10 shop sizes ranging from 31m2 to 1,492m2, the property enjoys a strong cash flow in excess of $880,000PA with 2 vacancies set to tip the return well over $920,000 net PA, and most have long leases and excellent WALE's, especially the 2 major anchor tenants.For Sale by Expressions of Interest.

Property History for 582 Chapman Rd, Glenfield, WA 6532

A timeline of how this property has performed in the market
Last Sold
$10,400,000
29 Oct 2020
Listed for Rent
$469/w
28 Nov 2023
  • 01 Dec 2023
    Listed for Sale Expressions of Interest
  • 09 Nov 2023
    Listed for Rent $252 / year
  • 29 Oct 2020
    Sold for $10,400,000
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About Glenfield 6532

The size of Glenfield is approximately 8.2 square kilometres. It has 1 park covering nearly 0.2% of total area. The population of Glenfield in 2011 was 642 people. By 2016 the population was 961 showing a population growth of 49.7% in the area during that time. The predominant age group in Glenfield is 0-9 years. Households in Glenfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenfield work in a trades occupation. In 2011, 75.6% of the homes in Glenfield were owner-occupied compared with 61.8% in 2016.

Glenfield has 657 properties. Over the last 5 years, Houses in Glenfield have seen a 73.07% increase in median value. As at 30 September 2024:

  • The median value for Houses in Glenfield is $584,863 while the median value for Units is $529,402.
  • Houses have a median rent of $580.
There are currently 5 properties listed for sale, and no properties listed for rent in Glenfield on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Glenfield.

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