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250 Marine Terrace, Geraldton, WA 6530

250 Marine Terrace, Geraldton, WA 6530

Retail Hotel/Leisure Land/Development

  • Sold Contact Agent
  • Mon 01-Nov-21

CBD FORESHORE DEVELOPMENT SITE

  • 16,230sqm* over 4 super lots
  • Prime Marine Terrace frontage
  • Flexibilility for wide range of uses

  • Land Area
  • 1.62ha (4.01 acres) (approx)
  • Floor Area
  • 1,500 m²
  • Tenure Type
  • Vacant Possession
  • Building
  • Partial
  • Last Updated
  • Nov 22, 2021

Interested in this property? Contact an Agent today

ActiveWest Real Estate - Geraldton

61 Marine Terrace

Geraldton WA 6530

Phil Sorgiovanni
CBRE - Perth

Level 25, QV1, 250 St Georges Terrace

Perth WA 6000

Derek Barlow

CBD FORESHORE DEVELOPMENT SITE

CBRE in conjunction with Active West Real Estate is pleased to present to market the opportunity to purchase this substantial Geraldton CBD Foreshore development site, located on Marine Terrace.

The most strategically located development site of scale in Geraldton, this truly generational opportunity offers a range of commercial and residential uses with potential for 5 levels and expansive ocean views.

- Suitable for retail, hotel, residential, commercial, large format, medical, aged care & others
- 3 extensive street frontages on Marine Terrace, Lester Avenue and Fitzgerald Street across 4 Super Lots
- 100m* to the waters edge and direct access to the foreshore parklands and recreation area
- Includes the Geraldton Beach Hotel, Bottlemart, Marine Terrace tenancies and Lester Avenue showrooms / warehouse.
- Residual holding income across numerous tenancies with opportunity for improvement and extension

The property benefits from favourable planning controls and has a ‘Regional Centre’ zoning that allows for a 5-storey development with bonuses available should performance criteria be met.

The properties are available in-one

250 Marine Terrace, Geraldton, WA 6530

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