184 Marine Terrace

Geraldton WA 6530

Premium Oceanfront Leased Investment: 184 Marine Terrace, GeraldtonRay White Geraldton | Dongara is proud to present an exclusive opportunity to acquire 184 Marine Terrace, a premier, fully tenanted mixed-use asset. Situated in the heart of Geraldton's prestigious West End precinct, this property offers a rare combination of immediate secure income and significant potential future capital appreciation.Swansea House was first built back in 1880, and was painstakingly refurbished by the current owners in 2013 and has been securely leased ever since. This building, along with a new double storey commercial building built in 2000 occupy one of Geraldton's most prominant positions on the Foreshore, with dual street frontage to Marine Terrace, sweeping ocean views and a quality tenant mix on new leases.Unrivalled Position & PotentialNever to be built out, absolute beachfont location, linking the well utilised and picturesque Geraldton Foreshore precinct, to premier shopping destination, Marine Terrace.With dual street frontage to Marine Terrace and Foreshore Drive, the property enjoys outstanding exposure and connectivity.As Geraldtons West End precinct transitions into a premier lifestyle and hospitality destination, assets within the proximity of the Radio Theatre project are poised to benefit from significant capital uplift and rental growth.The flexible Regional Centre zoning supports a wide range of future uses including high density residential, retail, tourism, and medical, allowing a long term holder to capitalise on Geraldton's consistent population growth trajectory.To further enhance long term development opportunity this property is being sold simultaneously with immediately adjoining property 180 Marine Terrace offering astute investors the opportunity to secure a total of over 1900 sqm of absolute beachfront mixed use property with strong holding income, flexible planning, and unrivalled development options. See here to review the adjoining listing.This outstanding investment features four high-quality tenancies on modern, investor-friendly net leases, occupying a truly irreplaceable footprint on the Geraldton Foreshore.Investment Highlights- Strong Net Income: Currently generating a total net income of $184,731 per annum (ex. GST).- Secure Income Stream: The property is fully tenanted, with the majority of tenants committed to new five (5) x five (5) year net leases, providing a clear income horizon through to 2031.- Irreplaceable Positioning: Enjoying commanding, west-facing views of the Indian Ocean that are protected and "never to be built out".- Inflation Hedged: All rent review mechanisms are directly linked to the Perth CPI, ensuring yields keep pace with inflation.- Dual Frontage: Benefits from dual street accessibility, capturing high-street retail traffic on Marine Terrace and scenic foot traffic on the Foreshore.- Strategic Growth Hub: Geraldton is evolving into a major renewable energy and industrial hub, supported by over $6 billion in major infrastructure projects.- Future Potential: Being sold alongside the adjoining 180 Marine Terrace, offering astute developers the chance to unlock full future redevelopment potential.Location & ZoningLocated 424 kilometers north of Perth, Geraldton is the undisputed service capital of the Mid West. The Regional Centre Zone is the highest-order commercial zone in the region, explicitly supporting the most intense concentration of retail, business, health, and high-density residential development. Notably, development standards such as building height and plot ratio are designated as "Variable", offering maximum flexibility for future proposals.Sale ProcessThis property is being sold via a Set Date Sale.Closing Date: 4:00pm, Friday, 12 June 2026Price Guide: Offers above $2.8 million** Please note: The owner reserves the right to accept a contract prior to the closing date.To arrange a private inspection or to receive a copy of the detailed Information Memorandum and access to the due diligence data room, please contact:Simon WoodacreRay White Geraldton Dongarasimon.woodacre@raywhite.com0427 636 585Disclaimer: In preparing this advertisement, We used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.