250 Marine Terrace Geraldton WA 6530
- 1,500 m²
- For Sale, Offers to Purchase Invited
CBD FORESHORE DEVELOPMENT SITE
- 16,230sqm* over 4 super lots
- Prime Marine Terrace frontage
- Flexibilility for wide range of uses
Active West Real Estate in association with CBRE 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-line, as individual lots or any combination of lots.
For more information please contact the exclusive selling agents.
|Floor Area||1,500 m²|
|Land Area||1,623 ha|
|Annual Return||Ask Agent|
|Last updated||26 Mar 2020|