81 Forrest Street, Geraldton WA 6530

Located in the Central Business District of Geraldton, this commercial complex occupies a prominent corner site at Forrest and Sanford Streets, surrounded by a vibrant mix of professional services and small businesses.

The property is currently configured for office use, offering the ability to accommodate up to twelve separate tenancies across two levels. Several units are fitted with kitchenette facilities, and shared male and female ablutions are provided in the common area. Ample open-air parking is available on site, ensuring convenience for tenants and visitors alike.

The building currently generates a gross income of $105,000 per annum (GST exclusive), with nine units leased across five individual tenancies - delivering a welcome diversity of income and reduced exposure to risk. With three units currently vacant, there is clear potential for further income growth by securing additional tenants.

Strategically positioned within 500 metres of major national and international brands including McDonald's, Harvey Norman, Bendigo Bank, and Winc, the site benefits from strong surrounding amenity. Geraldton, as a thriving port city, provides extensive services and facilities capable of supporting major projects across the Mid West and Northern regions of Western Australia's booming economy.

Zoning: Mixed Use
Council Rates (2023/24): $18,830
Water Rates (2023/24): $2,555

An Information Memorandum and property viewings are available by request through Exclusive Agent Activewest Real Estate to qualified buyers to assist with independent due diligence. Contact Matt Poynton on 0437 770 301 or Sam Scally 0498 444 390.

Disclaimer:
The information contained in this report is published by Activewest Real Estate as agents for the Seller, solely for potential purchasers to assist them in deciding whether they wish to make further enquiries with respect to the property. None of the information contained in this report constitutes any representation or offer by the Seller or the Seller's Agent. Prospective purchasers and their advisers should make their own enquiries to satisfy themselves as to the accuracy of the information provided.