For Sale - Retail, Hotel/Leisure, Development Land
CBD FORESHORE DEVELOPMENT SITE
16,230sqm* over 4 super lots
Prime Marine Terrace frontage
Flexibilility for wide range of uses
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-line, as individual lots or any combination of lots.
For more information please contact the exclusive selling agents.