180 Marine Terrace, Geraldton WA 6530

FOR SALE - PREMIER INVESTMENT OPPORTUNITY IN GERALDTON'S WEST END

Prime West End Mixed Use Investment: Diversified Income & Strategic Location

180 Marine Terrace, Geraldton WA 6530

Ray White Geraldton Dongara take great pride in presenting to the market this truly exceptional investment opportunity at 180 Marine Terrace.
Positioned at the epicentre of Geraldton's upmarket West End precinct, this premium quality, fully tenanted asset offers investors a robust blend of secure commercial and government backed residential income streams in Western Australia's most strategic regional centre.

This unique property was built in 1957 and has been home to National Australia Bank, then Lotteries House before it was painstakingly redeveloped by the current owners. No expense has been spared in bringing this property back to its glory, and the current tenant mix is a reflection of its premier location and calibre.

All retail tenants are long term occupants of the property and have all agreed to secure new 5 year net leases with 5 year options prior to the settlement of the sale so investors can take comfort in the security of the net retail income stream over a long lease tail.

WA Country Health Service have leased the balance of the property which is made up of Five 1 Bedroom, and Three 2 Bedroom apartments to house the visiting locum doctors working at the Geraldton Regional Health Campus. WACHS were seeking a fixed 5 year term at the commencement of these most recent leases, and have expressed a strong desire to renew. Particularly given the significant expansion of the hospital that is currently under construction and scheduled to be completed at the end of this calendar year.
However the opportunity lies with the purchaser whether they would prefer to test the broader market, and with proven very strong demand from the private sector for quality, well located, workers accommodation with carparking the option is available to secure a commercial tenant for these units at the expiry of WACHS current leases.

Unrivalled Position & Potential

Never 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 Geraldton transitions into a premier lifestyle and hospitality destination, assets within the orbit 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 184 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.

Properties of this calibre, and this location very rarely transact so interested parties are encouraged to act fast to avoid disappointment.

Investment Highlights

• Diversified Income Streams: A high-performing mix of three quality retail tenancies and eight residential units.
• Strong Net Income: Currently generating a total net income of $297,418 per annum (ex. GST).
• Blue-Chip Residential Tenant: 8 residential units are leased long term to the WA Country Health Service (WACHS), providing essential accommodation for visiting locum doctors.
• New Commercial Tenure: All retail tenancies have high end fitouts and are secured on new 5 x 5 year net leases providing exceptional long-term security.
• Strategic Location: Occupies a premier link between the Foreshore and Marine Terrace in the highly desirable West End precinct, and directly adjacent to the landmark $30 million Radio Theatre Development.
• Future Growth Potential: Situated on a significant 1,269 m² site within the Regional Centre Zone, offering maximum flexibility for future development with no heritage constraints.

Sale Process

This property is being sold via a Set Date Sale
Closing Date: 4:00pm, Friday, 12 June 2026
Price Guide: Offers above $4.4 million

**Please note; The sellers reserve the right to accept an offer 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 Woodacre
Ray White Geraldton Dongara
[email protected]
0427 636 585

Disclaimer: 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.