27-31 Chapman Road, Geraldton, WA 6530 | Commercial for sale | OnTheHouse
 
FOR SALE
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27-31 Chapman Road
Geraldton WA 6530

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Floor area: 2520m2
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Prime City Centre Landmark Investment and Development Asset

27 to 31 Chapman Road Geraldton WA 6530
Ray White Geraldton Dongara is proud to present a rare and strategic commercial acquisition.
For sale via a Set Date Sale - with all offers to be presented by 4pm 14th August 2026.
Price guide - The owners will entertain offer over $3.4M
Occupying a commanding high profile corner site directly opposite McDonalds and the Geraldton Art Gallery, this multi lot asset represents an unparalleled land banking and value add opportunity in the heart of the Mid West regional capital.
With a substantial combined footprint, secure ongoing revenue streams, and ultra flexible zoning, this asset allows astute investors to bank a resilient yield today while planning a high density regional transformation for tomorrow.
Property and Tenancy Breakdown
The asset spans a total site area of 2,520 sqm held over two separate titles, offering exceptional flexibility for multi stage configurations or future redevelopment opportunities. An aggregation of the tenancy data delivers a combined net lettable area of 1,355.9 sqm, generating a passing net rental figure of $243,970.
Tenants include a mix of government agencies, national and independent retailers. As part of the sale, the current owners are offering a 2 year leaseback at market rent for the 237.6 sqm tenancy (Unit 21-23) at $48,000 dollars per annum. This leaseback guarantees immediate cash flow security while you implement a targeted leasing campaign to capture the remaining upside on any vacant space, such as the 90.5 sqm Unit 27B.
Core Investment and Strategic Strengths
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Property Details for 27-31 Chapman Rd, Geraldton

Building Type
Commercial
Floor Size
2520m2
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About Geraldton 6530

The size of Geraldton is approximately 4.5 square kilometres. There are 6 parks, covering nearly 2.4% of the 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 2,436 properties. Over the last 5 years, Houses in Geraldton have seen a 112.94% increase in median value, while Units have seen a 107.06% increase. As at 31 July 2026:

  • The median value for Houses in Geraldton is $558,916 while the median value for Units is $418,858.
  • Houses have a median rent of $520 while Units have a median rent of $440.
There are currently 33 properties listed for sale, and 4 properties listed for rent in Geraldton on OnTheHouse. According to Cotality's data, 142 properties were sold in the past 12 months in Geraldton.

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Katrina Brown
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