Located in Geraldton's Marina Business Precinct in what is Western Australia's largest City North of Perth providing services to the diverse Mid-West Regional requirements such as mining, tourism, agriculture, and aquaculture just to name a few.Building structure consists of modern and compliant office across two levels with full fit out and in extremely good condition. Building internals appear in very good condition and could be easily adaptable into other uses for future tenancies if required including the potential to split the tenancy between levels.Quality Government Tenant who has been there on a 12 year lease position indicating strong lease potential to investors with 4 years remaining on current term as well as through current lease options available.Location - set within the Marina Business Precinct right between the CBD and one of the City's major shopping Centres. Surrounded by other local and Government businesses with BCM Stage 2 development and planning well under way it is sure to enhance the future reputation of the area. Given the location and other activity in the region with respect to development (including $350mil allocated for Port Development) the potential for quality tenants continues to grow especially given the shortage of land and quality office space in the CBD / Marina Precinct..The property is available for viewing on request through Exclusive Agent Activewest Real Estate to qualified buyers to assist with independent due diligence..Phil Sorgiovanni 0419 568 256 phil@activewestre.com.au or Matt Poynton 0437 770 301 matt@activewestre.com.au
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 2,440 properties. Over the last 5 years, Houses in Geraldton have seen a 130.84% increase in median value, while Units have seen a 92.38% increase. As at 31 March 2026:
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