112 Marine Terrace, Geraldton, WA 6530 | Commercial for sale | OnTheHouse
 
FOR SALE
UNDER CONTRACT

112 Marine Terrace
Geraldton WA 6530

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 631m2
Land area: 749m2
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Investment opportunity in Geraldton's CBD

An unrepeatable opportunity to acquire Geraldton's most central City Centre footprint. The property comprises land area of 750m2, net lettable area of 631.47m2 and frontage of 18.31m.
One of only a handful of Marine Terrace retail assets that benefits from dual access allowing the tenants to take advantage of the 50 free carparking bays on Foreshore Drive.
Achieveing a gross rental income of $164,024.53
With a passing net income of $117,142.51
The land is zoned 'City Centre' under the City of Greater Geraldton Town Planning Scheme Number 3, and this zoning permits extensive redevelopment opportunity.
Geraldton has a resident population of approximately 40,000 people, and is visited by more than 250,000 tourists annually, spending over $150 million each year. Geraldton, being the business hub and major port of the Mid-West, is an important service and logistics centre for regional mining, wheat, fishing, sheep and tourism industries.
The region has a population of 54,981 people. 72% of these residents live within the Greater Geraldton Local Government Area
(LGA). (ABS Census 2021)
The Mid-West Region has a thriving economy. Highlights include:
A high level of infrastructure investment, including from State Government with the 2022-23 State Budget allocating $12 billion
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Property Details for 112 Marine Tce, Geraldton

Building Type
Commercial
Floor Size
631m2
Land Size
749m2
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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 2016 was 3148 people. By 2021 the population was 3246 showing a population growth of 3.1% 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 $1000 - $1399 per month on mortgage repayments. In general, people in Geraldton work in a professional occupation.In 2021, 52.20% of the homes in Geraldton were owner-occupied compared with 48.90% in 2016.

Geraldton has 2,415 properties. Over the last 5 years, Houses in Geraldton have seen a 145.44% increase in median value, while Units have seen a 95.17% increase. As at 31 October 2025:

  • The median value for Houses in Geraldton is $489,411 while the median value for Units is $364,994.
  • Houses have a median rent of $485 while Units have a median rent of $405.
There are currently 11 properties listed for sale, and 5 properties listed for rent in Geraldton on OnTheHouse. According to Cotality's data, 211 properties were sold in the past 12 months in Geraldton.

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Simon Woodacre
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Ray White Geraldton
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