206 Augustus Street

West End WA 6530

What to loveOpportunities combining substantial landholding, light industrial zoning and established income potential are becoming increasingly rare and difficult to find. Positioned in a central and convenient location only a stone's throw from the Port, 206 Augustus Street, Geraldton presents an exciting opportunity for investors looking to secure a versatile property with immediate returns and scope to further enhance its earning potential.Set on a generous 1,756m2 parcel with an impressive 30-metre frontage, the property combines four secure, high-clearance storage units, a location ideally positioned close to the activity surrounding both the Main Wharf and Fisherman's Wharf, and residential accommodation.The significant appeal lies in the four substantial tilt-panel storage, workshop and office units, each offering around 100m2 of secure space and measuring approximately 7.6m wide, 13.5m long, 4.8m high. With generous internal height and robust construction, these units have an excellent rental history and offer the type of practical, useful space that continues to attract demand.Sheds 1 & 4 are bare, with 1 x lighting circuit with 1 large light in middle, 1 x 3 phase power outlet & 2 x single phase 10A outlets & 1 x 15A single phase outlet.Shed 2 has the offices, lunch room (all air conditioned) & toilet. 7kW Solar system on roof with inverter outside mounted on wall.Shed 3 has a mezzanine floor at rear, full lighting & power circuits all around. 2 x air conditioners. 7kW Solar system on roof with inverter inside.The added bonus? The existing four-bedroom, one-bathroom fibro home provides yet another dimension to the investment, featuring character Jarrah flooring and the ability to provide an additional income stream or accommodate a range of future commercial requirements, subject to relevant approvals.With the light industrial zoning, a central location and multiple potential income streams already in place, this is an investment that offers solid returns today while leaving room for future growth and improvement.Whether you are looking to expand your commercial property portfolio, secure a large centrally located landholding or invest in an asset with the potential to work hard for you, 206 Augustus Street is an opportunity worth serious consideration. This is a versatile investment with established rental history, strong land content and genuine scope to improve returns. Secure the land, benefit from the income and unlock the future potential.What to knowTo be sold by Set Date Sale, with offers closing 30 September 2026Seeking Expressions of InterestShed 1 leased to 30/6/2027 @ (water and electricity included) $840/calendar month $10,080 p.a.Sheds 2 & 3 leased to 30/6/2028 @ $1320/fortnight, reviewable annually. $34,320 p.a.Shed 4 leased at $820/calendar month $ 9,840 p.a.House leased on fixed term to 31/12/2026 at $380/week $19,760 p.a.Total annual income $74,000 p.a.Who to talk toFor more information about the property, contact Greg Brown on 0418 930 412.