UNDER CONTRACT - QUALITY WAREHOUSE OPPORTUNITY IN PRIME CENTRAL LOCATION

Tucked away in the tightly held Service Commercial precint this quality property represents an attractive opportunity for both investors and owner occupiers, or something in between.

With 480sqm of quality, flexible, well serviced warehouse area at the front of the property, and another 144sqm shed at the rear the opportunities are endless.

Three long term quality tenants are keen to stay on in the front warehouse, and have each signed non binding expressions of interest to try to secure a lease should an investor decide to snap this one up. This leaves the rear shed available to secure another tenant, or is available for personal use at the discretion of the owner. Providing a unique opportunity for the astute buyer for ample space to store boats, cars and toys at the rear, while receiving a strong holding income from the front warehouse.

Two internal tenancies in the front shed have been fitted out to a high specification including partititon walls, ceiling and lighting grid, and are currently used as a Jiu Jitsu studio and commercial coral farm.

Alternatively, if your business requires the whole 624sqm shed space for your operations then vacant possession is available. With interesting signage opportunities to impact the busy intersections of Johnson St, Eastern Rd and North West Coastal Hwy due to the unique lot layout - subject to council approval.

Each shed has been cleverly designed with each bay having its own set of roller doors and toilet facilities, providing further flexibility to divide the space for multiple tenants as the need arises.

The property is zoned Service Commercial which as per the scheme text intended to provide for a broad range of uses including wholesale sales, showrooms, trades and services, with good vehicular access and a high level of amenity.

This pocket of Geraldton is very tightly held, so opportunities like this dont come around often.

Property highlights include:

• 624sqm of quality warehouse
• 2002sqm lot size
• Two high quality internal tenancies
• 13 car bays on title
• EOI from 3 sitting tenants to remain on market rates, but
• Vacant possession available
• 15 kW solar system with 72 x 275W panels in place
• Just over 1km to the town centre
• 2km to the Port
• 1.6km to the Batavia Marina boat ramp

***This property has a price guide of early $1 million***

Contact exclusive commercial selling agents Ray White Geraldton Dongara for more information or to arrange a viewing.

***All offers will be presented at 4pm November 21st, the vendor reserves the right to sell prior***

DISCLAIMER
*Please be advised that this information has been supplied to the best of the agent's knowledge; however, it is always advisable for you to complete your own research and due diligence in these matters.

Explore the area

School catchments

Rangeway Primary School Primary K-6 Government 0.54km
St John's School Primary PP-6 Catholic 0.78km
St Francis Xavier Primary School Primary PP-6 Catholic 0.96km
Geraldton Senior High School Secondary 7-12 Government 1.3km
Nagle Catholic College Secondary 7-12 Catholic 1.3km
Allendale Primary School Primary K-6 Government 1.5km
Geraldton Grammar School Combined PP-12 Independent 1.6km
Geraldton Primary School Primary K-6 Government 1.6km
Champion Bay Senior High School Secondary 7-12 Government 2.1km
Beachlands Primary School Primary K-6 Government 2.2km
Mount Tarcoola Primary School Primary K-6 Government 2.7km
Geraldton Christian College Combined PP-12 Independent 3.4km
St Lawrence's Primary School Primary PP-6 Catholic 3.7km
Meekatharra School Of The Air Primary K-6 Government 3.7km
Bluff Point Primary School Primary K-6 Government 4.2km
Wandina Primary School Primary K-6 Government 4.5km
Waggrakine Primary School Primary K-6 Government 6.6km
Leaning Tree Steiner School - Glenfield Campus Combined Independent 10.4km
Leaning Tree Steiner School Combined PP-9 Independent 10.4km
Northampton District High School Combined K-10 Government 47.3km
Dongara District High School Combined K-12 Government 60.3km
Mullewa District High School Combined K-12 Government 90.7km
Kalbarri District High School Combined K-12 Government 126.7km
Western Australian College Of Agriculture - Morawa Secondary 10-12 Government 142.5km
Morawa District High School Combined K-12 Government 142.8km
Carnamah District High School Combined K-12 Government 159.3km
Jurien Bay District High School Combined K-12 Government 174.7km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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